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  • News From Press How should you allocate your retirement funds for old age?

    How should you allocate your retirement funds for old age?

    Source: Mint Aug 12, 2022

    My father will be retiring in six months. He has accumulated a corpus of close to  5 crore and wants to invest in instruments that are not risky so he can live off the interest accumulated.  He has, among other investments, put in  15 lakh in SCSS (senior citizen savings scheme). His mutual fund (MF)  allocations include  2 crore in short term funds,  1 crore in floating rate funds,  50 lakh in  balanced advantage funds,  25 lakh in overseas MFs, and  25 lakh each in conservative hybrid funds and liquid funds. 

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