Retirees who invest in fixed deposits for regular income in retirement don't realise that their money is losing value due to inflation. Even though their monthly requirement will gradually go up due to inflation, their deposits will continue to give out a fixed amount. The best alternative are monthly income plans (MIPs) from mutual funds. These funds follow a conservative investment strategy, allocating only 10-20% of their corpus to equities and putting the rest 80-90% in safer bonds and other ..
