To begin with, it is not a great idea to take care of investing your father’s retirement corpus on your own if you are not well-versed in investing in mutual funds. An advisor would be able to offer you personalised solution after considering your father’s financial position.This is what we typically tell retirees looking to invest in mutual funds. These schemes offer guaranteed returns. Mutual fund schemes declare dividends only when the schemes are making profits. You may withdraw a fixed amount regularly from your mutual fund schemes to supplement your primary income.

Source: Economic Times April 11, 2018 06:22 UTC