Which Debt fund has the provision to pay regular income to the investors looking for income after retirement?

The type of debt fund that has the provision to pay regular income to investors looking for income after retirement is known as a Monthly Income Plan (MIP).

Here are the steps to understand this:

1. Debt funds: These are mutual funds that invest in fixed income securities like government bonds, corporate bonds, treasury bills etc. They are considered safer than equity funds and provide steady returns.

2. Monthly Income Plan (MIP): This is a type of debt fund that aims to provide regular income to the investors. It primarily invests in debt securities and a small portion in equity. The debt portion provides stability and regular income while the equity portion helps in boosting the returns.

3. Suitable for retirees: MIPs are suitable for retirees as they provide a regular income. The risk involved is relatively low as majority of the investment is in debt securities.

4. However, it's important to note that the 'monthly income' is not guaranteed in MIPs. The returns are subject to market risks and the performance of the underlying securities.

5. Therefore, while choosing a debt fund like MIP, investors should consider their risk appetite, investment horizon and financial goals. It's always recommended to consult with a financial advisor before making such decisions.