Senior citizens, do this to protect yourself against mis-selling of investments

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The premise

[{"selector":"#anim-317a6fb01a6c30f287d04a6fde3f0398","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-072c3e93973495577fcef8ff714a6c7e","keyframes":{"transform":["translate3d(-104.48548%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] SEBI recently issued notice to some fund houses for selling small-cap funds, a high-risk investment over the short term, to super senior citizens. This is mis-selling.

The problem

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The solution

[{"selector":"#anim-ecedba90cb625e66289c4b3e78e09f19","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c03c8982daa6bbcc685d5c726948d6c2","keyframes":{"transform":["translate3d(-104.48548%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Senior citizens do not have time to recuperate from financial losses. Hence, they should have a clear investment goal. The next slides explain the 2 common goals.

1) Steady income stream

[{"selector":"#anim-ee9b7529b8290cd3ed12e3a272c06b3e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-41fdbb74e5412266babf738c69486cd0","keyframes":{"transform":["translate3d(-104.48548%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Allocate 1/3rd of the corpus in equities and the rest in debt. Go for a systematic withdrawal plan (SWP). Yearly withdrawal should not exceed 6% of the corpus.

2) Supplementary income

[{"selector":"#anim-47d3b4680f19e47658932822b17060ea","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-596c3e81d173febb4feb3cf5dd7e3b40","keyframes":{"transform":["translate3d(-104.48548%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Allocate up to half of the portfolio to equities and the rest to debt. Go for equity savings funds or 50:50 mix of short-duration funds and flexi-cap funds.

Want to build a significant corpus for your heirs?

[{"selector":"#anim-4364dc180b84bcd3e94b880350ca9ac7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-23866b8529369919f5b9b70bf1e12392","keyframes":{"transform":["translate3d(-104.48548%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] We outline a complete plan for this purpose in our article. Click the link below for the full article: