Outlook Money
Short-term debt mutual funds have a maturity of one to three years. They invest in debt assets like corporate bonds, government securities, securitised debt, and derivatives.
Senior citizens can earn regular passive income from their investments, as REITs distribute 90 per cent of their income as dividends to unitholders.
Gold is another good option to diversify your portfolio as it is highly liquid. You can invest gold bars, coins, jewellery, digital gold, Sovereign Gold Bonds (SGBs), etc.
The POMIS scheme has a five-year lock-in and provides interest income. It currently provides a 7.40 per cent interest.
SCSS is a government-sponsored scheme for senior citizens to reinvest their retirement corpus after 60 and earn interest income.
Post Office Recurring Deposits are short-term investment instruments, offering 6.8% annual interest.
Post Office Time Deposit scheme has a maturity of 1-5 years. The interest rates vary from 6.9-7.5%.
Compiled By Himani Verma