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What could be your recommendation to handle Rs 20 lakh out there to speculate for an 80-year-old widow who needs to dwell off the curiosity? Her youngsters can help her to some extent, however she would ideally prefer to be unbiased.
– Lakshmi
Of the Rs 20 lakh, make investments Rs 15 lakh in Senior Citizen Saving Scheme (SCSS). That’s the highest yielding government-backed assured return instrument out there to senior residents.
If its curiosity is the one earnings, it is going to even be tax-free. However the most cash that may be invested in SCSS is Rs 15 lakh. Make investments the remaining Rs 5 lakh in fairness funds in a staggered method. It’s going to assist shield the value of your capital.
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