SCSS vs debt funds: Striking the right balance for retirement

Since the government raised the Senior Citizens Savings Scheme's (SCSS) maximum limit from Rs 15 to Rs 30 lakh earlier this year, 78-year-old Venkatesh Dhanwantari wants to know if he should move his money from debt funds to SCSS. Here's what we suggest Mr Dhanwantari and other senior citizens to consider: Senior Citizens Savings Scheme (SCSS) for guaranteed regular income. As stated earlier, the maximum investment amount is Rs 30 lakh. Some portion of the money to be in debt funds for liquidity and rebalancing. At least one-third money can be invested in equity. It will ensure the retirement corpus doesn't eventually run out. Let's first understand why SCSS deserves priority. SCSS Key benefits High returns: SCSS of

This article was originally published on December 12, 2024.