New NFO: HDFC Non-Cyclical Consumer Fund

As a financial advisor, it is my duty to keep investors informed about the latest investment opportunities. Today, I will be sharing with you details about the newly launched HDFC Non-Cyclical Consumer Fund.  In this article, I will provide you with valuable insights into this fund, highlighting its investment objectives, strategy, and potential benefits, enabling …

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Systematic Withdrawal Plans (SWPs): A Guide to Generating Income from Your Mutual Fund Investments

Systematic withdrawal plans (SWPs) are a popular way to generate income from your mutual fund investments. SWPs allow you to withdraw a fixed amount of money from your mutual funds on a regular basis, such as monthly or quarterly. This can help you create a steady income stream in retirement, while also preserving your capital. This article provides an insight on SWP in mutual funds.

Senior Citizen Savings Scheme (SCSS): A Secure Investment Option for Senior Citizens

Investing in a safe and secure manner is always a priority, especially for senior citizens who have retired and are looking for a reliable source of income. The Senior Citizen Savings Scheme (SCSS) is a government-backed savings scheme designed specifically for individuals aged 60 years and above.


Introduction:
SCSS is a government-backed savings scheme offered to senior citizens above the age of 60 years offered through various public sector banks and post offices. It was launched in 2004 to provide senior citizens with a secure investment option that generates regular income.

It is a low-risk investment option that yields a fixed rate of interest, making it an attractive investment option for senior citizens.

Important considerations for SCSS:
  • Eligibility Criteria for SCSS: To be eligible for SCSS, the investor must be an Indian citizen above the age of 60 years. Additionally, retired defense personnel can invest in SCSS after attaining the age of 50 years. The scheme also allows for opening joint accounts with one’s spouse.

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