Please suggest how and where can I invest my money for constant monthly cash flow so that I can reinvest that?
I have around 40L, in current value, from stocks and MFs.

About me:

30M, unmarried, currently earning 1.9L in-hand and in 6 months may jump to 2.3L in-hand.
I don't pay house rent and like to live an above average lifestyle (expenses).

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Invest in any balance advantage fund with swp of around 10% per year, to generate monthly income.

However given the age and monthly take home I would advise you to stay invested, as you are in a good position to meet your expenses out of salary itself.

Investments are for a longer run, let the money churn itself to higher values for the next decade at least

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