While equity mutual funds are gaining traction with retail investors, debt funds remain uncharted waters for them
A person recently turned 75 years old and received many wishes for a long and healthy life ahead. But he was a bit concerned that as expenses rose, his retirement income from assured returns products was declining. When he retired 15 years ago, he was confident that his interest income would suffice over his retirement. While he was used to interest rates of over 9% available to senior citizens, he was now earning less than 8% with the worry that rates may even drop further. It was a three-pronged attack—rising expenses, falling income and increasing longevity. With most Indians preferring assured return products, declining interest rates have become a real problem for people living on income generated from their savings. This has triggered a search for better options.
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