Most of the investments are done by the senior citizen in the government fixed income scheme or the fixed deposits. This is because they need big capital and also the monthly regular income.
This kind of benefit is much useful for them to spend their day to day living expenses. Thus the investments can be divided into different risks such as the low, moderate and high.
The high liquidity is also the most wanted one for the senior citizens. The best mutual fund for senior citizens in India should have to be in all the above categories.
The pool of money that comes under these categories are the debt, balanced and liquid. Any senior citizen who is looking for suitable funding options will come under this category.
Which kind of scheme is the best one for the senior citizens?
The senior citizens will have to make the maximum investment in the debt scheme and the remaining in the equity schemes.
It is important to know that not all the investors will make the necessary investment in the same risk and the time period. It is also the most wanted one for the investors to prefer the dividend plan instead of the growth plan.
The reason behind this is that the huge number of income can be obtained at regular intervals in the constant intervals. The investors who are having experience in this field can able to use this equity fund scheme.
This is because the investment is allowed for more than three years and also it has a high range of risks. Thus the investors who can able to handle the moderate to high risks can able to invest in this scheme.
The less risky scheme will be the most suitable one for the senior citizen as they can able to get a small amount of income in return. Thus the debt fund is the good one for the senior peoples and also they can find less risk with the huge return.
Thus the different kinds of banks are providing these kinds of the fund and so this will be more beneficial for the sc peoples.
Why the debt mutual fund is good for the senior citizen?
The best mutual fund for senior citizens in India is the kind of debt collections. This is because the people no need to engage in a high risk. This is also providing a moderate amount of money in return.
This type of scheme is safer as they concentrate on fixed-income investment. You can expect the high value from the long term collection according to the market fluctuations. This is the bête one for getting the huge returns that can cross over the ten per cent per annum.
The scheme is good as this provides more liquidity which means that senior people can able to take the money at any time.
But the withdrawal of the money will be charged if it is done before the maturity period. These are the short term investment options that help senior citizens to get a huge risk.
