Hi guys, Seeking financial advice on behalf of someone I know.. So the person in question is about 53 yrs old and only has about 50 lakh in savings. What can he do from now on, considering he no longer has a job, in order to get some sort of regular income every month? Which financial instruments would work the best here? I’m thinking that splitting it in half and putting half in FD / bonds and rest in MF/ divedend stock may work but not sure.