3 Mutual Fund Types That Can Suit Senior Citizens

Given the pace at which inflation is rising and is now beyond 7 percent mark, senior citizens who wish to deploy their corpus or income earned over the years in safe instruments, need to forcibly consider other options as well which can provide reasonable enough gains.

3 Mutual Fund Types That Can Suit Senior Citizens

And in doing so, of all the mutual fund types,

1. Multi-cap mutual funds:

For such funds for which the rules have recently been overhauled may even suit them. Infact when the markets witnessed steep correction, investment managers' basis their discretion and valuation of different stocks added them to their portfolio and reaped substantial gains. Also, importantly to reap handsomely the horizon needs to be 8 years.

Other mutual funds which can be considered as now investors in this age group are also concern of increasing life expectancy are

2. Large cap mutual funds:

That do not see such volatility in highly abrupt times and are rather safe. For these mutual funds, the corpus is typically deployed in large cap companies that are rather safer.

3. Dynamic Asset Allocation Fund:

These funds work as safe haven in even distressed times and in even in turbulent times have given return to the tune of 9 percent in one year. Importantly, here the allocation though is 40-60% is in equities it is basis the market valuation and rest of the corpus is deployed in debt or arbitrage products.

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