What is better investment in India other than FD- Revision of my post 4 years ago Reliance Monthly Income

Dear Friends, after a gap of 4 years I have decided to again blog my little thoughts on some of the investment opportunities available in India for risk averse investors other than plain FD and I thought it will be a good idea to update the status of my recommendation that I wrote 4 years ago on Reliance monthly income fund. This fund has given an average 10% return over the last 4 years period year on year, which is not a bad performance. However, there are better performing avenues in the current scenario and I will discuss those in the next few days. This fund however is still good as a risk free regular monthly income for those opting to as alternative for FD.