Your current return expectation is Rs 1 lakh to Rs 1.5 lakh per month or Rs 12 lakh to Rs 18 lakh per annum. It is unlikely to be met through investing in mutual funds . We would like to recommend an asset allocation of 60-65 per cent in equity (or 35-40 per cent in debt). If you need monthly income from your investment , you can go for SWP ( systematic withdrawal plan ) where a pre-decided amount will be redeemed on a pre-defined day. Since both the funds are equity-oriented, SWP will be tax-free after a year of investment.

Source: Economic Times July 13, 2017 07:07 UTC