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Don’t miss the latest developments in business and finance.
How should a 60-yr old invest Rs 30 lakh? Ideal options for senior citizens
For senior citizens in India, a combination of SCSS, PMVVY, POMIS, FDs, and carefully selected mutual funds can form a robust investment strategy.
Now, senior citizens can enjoy high and guaranteed returns for long term
Since there are penalties for premature withdrawal, take liquidity needs into account
Seniors seeking regular income should switch to debt funds from balanced
Younger investors who invested in balanced funds after understanding their risks and with a long-term horizon should continue to their SIPs in them