Mutual Funds for senior citizens: Advantages, disadvantages that investors must know
Mutual Funds for senior citizens: It is easy to invest in MFs online these days. Withdrawal is also paperless and can be done quickly using online banking
Mutual funds have become a popular choice for investors looking to diversify their portfolios across various asset classes and categories, catering to unique investment objectives. Senior citizens generally avoid investing in risk-related investment schemes as they cannot bear the losses associated with market-related instruments, Money experts suggest that the elderly can also put a part of their savings in MF in order to inflation-beating returns on their investments. One of the most significant advantages of mutual funds is that investors' hard-earned money is managed by a professional fund manager. Mutual Funds can help senior citizens hedge real returns and beat inflation.