Safe Mutual funds to invest in as a senior citizen.
Planning to carry out safe mutual fund investment? Searching for the best schemes? Here, on this page get financial advice from experts for resolving your query.
I am a senior citizen retired nearly 10 years ago. Until now my source of income, apart from some pension, has been FDs with banks and post office schemes such as MIS and SCSS. with dwindling FD rates and rising cost of living added with inflation, the income has been effected.
My friends suggested investments in mutual funds. Which funds or schemes would you recommended which are reasonably safe and can give me better returns than bank FDs?