Story outline
Equity is a very volatile asset class and currently, the markets are at high levels.
Double-digit returns can be achieved over the long run.
Double-digit returns can be achieved over the long run.
I am 22. I want to invest Rs 60,000 that I received as RD maturity amount. The portfolio should generate 12-15% per year over the next three years.
Rushabh Desai, AMFI registered mutual fund distributor replies: To earn double-digit annual returns, you will need to invest your corpus in equity mutual funds. Equity is a very volatile asset class and currently, the markets are at high levels. Thus your portfolio may not be able to earn 12-15% annual returns over the next three years. Double-digit returns can be achieved over the long run. As you are just 22, you can take the risk and hold your investments for a much longer time to earn double-digit returns. You could invest in the following equity mutual funds under the guidance of an adviser, with a minimum holding perio
Senior Citizens: Need to do Sound Financial Planning
Backdrop:
For a person who is just retired say, at the age of 60, financial independence becomes crucial. This is because there is no fixed recurring future income or cashflow whereas he / she has to take care of him / her and may be spouse too, for remaining period of life say, for another 10 to 15 years considering the average life expectancy in India. Even if one has children, dependence on them on a continuing basis is not a viable option.
Absence of any social security mechanism or health care system in India makes the situation more precarious for many elderly people particularly from lower income group. Stress of financial dependence is one of the primary causes of mental anxiety among many elderly people.
Updated Apr 13, 2021 | 06:20 IST Here are five investment options where senior citizens can park their hard-earned savings to get a regular income at high interest rates. Representational image
New Delhi: Investors looking for fixed regular income on their capital have been the worst hit in this falling interest rate scenario. While top banks offer maximum 6% to senior citizens on their fixed deposits with a tenure between 5-10 years, post office small savings schemes provide relatively higher rate. However, investment experts believe that the current high rates on small savings schemes may not sustain further and it is just a matter of time that the government cuts interest rates on these schemes although for the current April-June quarter the interest rates cut was reversed. Under this scenario, here are five investment options where senior citizens can park their hard-earned savings to get a regular income