Synopsis
Retired folks should focus on both capital preservation with steady appreciation and access to ample liquidity to manage themselves financially well during their retired life.
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It is very important for a retired person to plan, protect, and invest his or her hard-earned money to ensure financial stability. Having a conservative approach with the core purpose of capital preservation and steady capital appreciation should be the broad investment framework. For someone with a low-risk appetite, a combination of products like Pradhan Mantri Vaya Vanda Yojna, Senior Citizens Savings Scheme, RBI Floating Rate Bonds, Public Provident Fund, Kisan Vikas Patra, National Savings Certificate, National Savings Monthly Income Scheme, Bank Fixed Deposits and debt mutual funds of higher credit quality may do the job. A retired person can look at creating his or her portfolio which will help provide capital stability, steady appreciation and liquidity.