I am looking for some investment options for my dad. He got retired and want to invest the money he got from his PF. The objective is to get guaranteed return and some capital appreciation. Would like to have your suggestion?
Please note that if you are looking for guaranteed returns then you have very few options like, Bank fixed deposits, Post Office MIS and Senior Citizen Schemes. However, since you are looking for guaranteed returns then capital appreciation is not possible.
Capital appreciation is possible only when the investments are linked to market returns but then it is risky too.
We have done couple of articles for investors who are senior citizen or retired. You may have a look at the various options discussed therein. But before investing, you must check the current interest rates prevailing for the fixed income products that we have covered in the following articles.
Know the best investment schemes for senior citizens in India https://www.advisorkhoj.com/articles/Retirement-Planning...
Best investment options for senior citizens https://www.advisorkhoj.com/articles/Retirement-Planning...
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