If you want some income, but no risk to your capital, you can choose a money market or cash fund, which means a professional investor will be working to get the best available interest rates.

If however, you are willing to take some risk with your capital, you can choose a fund that invests in bonds, which provide a rate of interest higher than is available with cash.  Alternatively, there are equity funds which invest in shares of companies which aim to generate income rather than capital growth and aim to pay out higher than average dividends.  Other funds which offer a mixture of both shares and bonds are known as managed funds.