It is believed that the fruit of hard work of life is retirement. In these years, you can enjoy life with peace. This is the time when the economic priorities of your life change – permanent income, security and peace are required. Today there are many investment options available and if you choose the right choices for yourself, then your life can be filled with happiness. The good thing in today’s era is that senior citizens also have many options for investment, so that the golden moments of life remain really relaxed. Let’s know here what are some of the best options. Our focus is especially on mutual funds. When you decide to invest thoughtfully, “Nivesh Ka Sahi Kadam” becomes a reality.
Great investment option for senior citizens
1. Senior Citizen Savings Scheme (SCSS)
● What is this scheme: It is a government scheme and is especially for citizens of 60 years or older.
● Why this is the best option: It has regular income every quarter and their interest rates are also attractive. This is an excellent option for those who seek safe investment amidst the ups and downs of the market with regular income.
● Eligibility: Indian citizens whose age is 60+, some citizens who retire soon are exempted as an exemption.
2. Pradhan Mantri Vay Vandan Yojana (PMVVY)
● What is this scheme: This is a pension scheme under which regular income can be made on a monthly or annual basis for 10 years.
● Why this is the best option: This is also a government scheme and regular income will become a means after retirement.
3. Post Office Monthly Income Scheme (Pomis)
● What is this scheme: It is a relatively low -risk savings scheme. In this, a fixed amount of interest is received every month as income.
● Why this is the best option: This is an ideal option for those who want to invest for the purpose of regular income while taking minimum risk.
4. Senior Citizen Fix Deposit (FDS)
● What is this scheme: Generally, special FDs prescribed for senior citizens get more interest than normal fix deposits.
● Why this is the best option: Investment in it is completely safe and gets fixed returns. The time period of fix deposit also varies, you can choose from them according to your choice.
5. Mutual Fund
● What is this scheme: These funds are managed in a professional manner and money is invested in different funds, which keeps the portfolio diversity.
● Why this is the best option: Mutual fund returns are generally higher than traditional fixed-incredes. Especially investing in balanced or hybrid funds gives more returns. The specialty of mutual funds has facilities such as their flexibility (buying and selling easy), liquidity (liquidity) and systematic withdrawal plan (SWP) for regular income. You can use it according to your convenience and need.
Mutual funds for senior citizens: correct, if you choose wisely
Mutual funds have emerged as smart options for investment even among senior citizens. Here are some special reasons, from which you can understand the risks and benefits related to this investment option in a better way. You can choose the right fund as per your convenience and need.
Understand here why there are intelligent options for investment:
● Variety: Your investment in mutual funds is made in different options and assets. This reduces the level of risk.
● Liquidity: It is very easy to withdraw money from such investment. Withdrawal of money with options such as systematic withdrawal is very convenient.
● Excellent return capacity: Risk in balanced and hybrid returns funds is very limited and returns are also good. This is the right choice for retired people, because often their priority is to get more returns with low risk.
● SWP facility: Under the facility of systematic exit scheme, you can withdraw a fixed amount after a fixed interval. It is like a pension scheme. Apart from the withdrawn amount, the remaining money remains in investment and returns will continue to be made on it.
Limit
For most senior citizens, there are plans such as guaranteed income schemes (such as SCSS, PMVVY, and FD). With these schemes, you can diversify your portfolio by investing in mutual funds. This will give you many benefits. For example, there is stability between market fluctuations and good returns are also found. On adopting this method of investment, they are also financially capable to deal with situations like inflation along with regular income.
Take the right step: With the correct information, investing in mind the goals
Always keep in mind: With the right information and keeping a balanced attitude, you can enjoy the life after your retirement walking with “Nivesh Ka Sahi Kadam” and you are really entitled to it. Mutual Funds Sahi Hai and especially are absolutely right when you invest in it very thoughtfully.
Watch the video of Subbu to know how mutual funds can be used in plans made for your retirement life. He explains to reduce the risk. Why should you invest in different funds and use mutual funds for development with regular income.
For more information, see here:
Disclaimer: Mutual fund investment is subject to market risk. Read all the documents related to the scheme carefully before taking the investment decision. Performance of a fund in the past is not a guarantee of performance in future.