Many retired individuals are ignoring their risk profile and insisting on investing in small and midcap funds in their search for superlative returns, say mutual fund advisors. These advisors say a bullish stock market and eye-popping returns offered by small and midcap funds are making it extremely difficult for them to dissuade these retired folks from taking unnecessary risk at a vulnerable phase in their life.
"Many of my retired clients recently asked me to shift their inves ..
