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Should senior citizens invest in mutual funds?

Mutual funds can be a valuable investment option for senior citizens.

Ignorance about mutual funds designed in sync with the profile and risk appetite of seniors adds to frequent conundrums.

Debt funds yield more returns than bank deposits including fixed and recurring deposits.

Large-cap funds can be locked through systematic investment plans (SIPs).

Compounding benefits can be gained by staying invested for a long tenure.

Short-term capital gains (STCG) tax applies if investments are held for less than three years.

Planning ahead of time is important to achieve financial independence in later years.

Investment goals, risk profile and investment tenure must be considered.

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Retirement planning: Should senior citizens invest in mutual funds?

The idea behind allocating a part of your earnings to mutual funds is to earn returns that not only help build adequate corpus but also beat inflation.

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