If you can not afford to take risks associated with
dynamic bonds then you may pick slightly lower risk profile category like the one you have mentioned Short term / Ultra short term funds.
Not exact matches
Then there are long - term funds like Income /
Dynamic / Strategic
Bond / Gilt funds.
Dear Kajal, If you are totally dependent on this income
then you can invest in a
Dynamic bond fund (Growth) and
then create SWP — Systematic Withdrawal Plan (periodic) from this fund.
For instance, if you are thinking about investing in
dynamic bond funds, believing that your capital would be intact like fixed deposits,
then this is not true.