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Sunday, August 06, 2017

Are you nearing retirement? Here is where you should invest your corpus


By on Sunday, August 06, 2017

Are you nearing retirement? 
Here is where you should invest your corpus

When it comes to retirement planning it is essential to identify the monthly cash flow required.

Sarbajeet K Sen

Moneycontrol News

“When it comes to retirement planning, especially on post retirement, it is essential to identify the monthly cash flow required. The annual requirement keeps increasing by around 7% and hence it is important to invest in products that could adjust to inflation. At the same time, it is important to have a mixed asset classes would provide a better portfolio level returns. The mixed asset classes include equity and fixed income. The fixed income products like senior citizen savings scheme, fixed deposit and debt based mutual funds. It is not advisable to invest all retirement corpus in one basket,” Mr. S Sridharan, Business Head, Financial Planning, Wealth Ladder Investment Advisors told Moneycontrol.
Mr. Rahul Parikh, CEO, Bajaj Capital lists out the following investment avenues that best suit the requirement of retirement years.
--Senior Citizens' Saving Scheme (SCSS)
--Post Office Monthly Income Scheme (POMIS) Account
--Bank fixed deposits (FDs)
--Mutual funds
--Immediate annuities





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