Investment avenues with monthly fixed income

One tax efficient Systematic Withdrawal Plan (SWP) strategy is to PLAN:

1. Invest a decent amount say 20L + in HDFC Corporate Bond Fund – Direct Plan – Growth or a similar option, available in the market,

2. Do nothing with the above investment & wait for 3 Years, in between use Fixed deposit route, where TDS gets applicable.

3. After 3Y, start SWP as per your requirement, say total expenditure is 30K per month, start two SWP, 15K in first week of month & 15K in the last week of the month.

https://www.valueresearchonline.com/funds/16109/hdfc-corporate-bond-fund-direct-plan/

Edit: Please verify the current rules for tax implications, expected returns and Risk associated with Corp bonds.

Two other options to study:

Floating Rate Savings Bonds, 2020 (Taxable)…to be held till maturity (cannot redeem earlier)

BHARAT BOND ETF