Fixed income refers to investment products that provide a fixed or predetermined return on investment, typically in the form of interest payments. It includes bonds, debentures and fixed deposits, where the return is fixed and not dependent on market fluctuations.
For instance, if you invest ₹15,000 in an FD with a 7.30% interest for 2 years and choose a monthly payout option, your fixed income per month is ₹2,190.