I have two questions for a senior citizen.
To invest in 2 SIPs of Rs 3,000 each for a duration of 3-5 years – one for capital growth and one for good income.
To invest Rs 5 lakhs in a mutual fund with capital protection and growth.
- Senior Citizen
Given that you are looking to invest as a senior citizen, I would place greater emphasis on safety and income over growth.
Fixed income funds would be most ideal for your requirements, with a smaller allocation towards equity funds to provide a growth element to your portfolio.
You could consider making investments largely into short-term debt funds and smaller allocations into large-cap equity funds or aggressive hybrid funds (balanced funds).
For regular income you can invest in the dividend plans of ultra-short bond funds or low duration funds.
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