Good to see on allocation front.
On the debt side NCD are good bet with return of 7-9 %. Liquidity may not be a challenge for good papers.
If taxation of individual falls into 30 % returns would be in 5-6 % range.
Better option would be to look at multi asset / BAF fund .
Though both have their pros and cons.
I personally prefer Debt only for short term income need .
BAF may help to balance debt and equity beautifully. SWP can help post 3-5 years to manage liquidity too
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