Srinagar, April 2 -- Passive income refers to income generated with minimal active involvement. It's a way to earn money without having to work continuously, particularly beneficial when work options are limited. By investing thoughtfully, individuals can ensure a continuous flow of income, allowing them to maintain their current standard of living without depleting their precious assets.

Investment Options for Passive Income

1) Mutual Funds with Systematic Withdrawal Plans:

Balanced Funds: Investing in balanced funds can generate returns in the range of 8-12%, offering a good mix of equity and debt.

Automatic Withdrawal Plans: These allow for setting up regular withdrawals, ensuring you have a consistent cash flow for daily needs.

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