💰 In today’s world, a steady source of income brings a sense of security and peace of mind. Whether you’re a retiree, freelancer, or someone seeking extra cash flow, finding the best mutual fund for monthly income can be transformative. With countless options available, how do you choose the right one? This guide breaks it all down in simple terms—from how these funds work to selecting the perfect fit for your needs. 🤔 What is a Monthly Income Mutual Fund? A monthly income mutual fund is designed to provide regular payouts (typically monthly) by investing in: 🏦 Government/corporate bonds 📈 Dividend-paying stocks 🔄 Other income-generating assets ℹ️ Note: While these funds aim for monthly distributions, payouts aren’t guaranteed and may vary with market conditions. ⚙️ How Do Monthly Income Funds Work? 🤝 Pooled Investments: Your money is combined with other investors’. 📊 Asset Allocation: Fund managers invest in bonds, equi...