For the RE- tired

 Xxxx Jain:
Please advice if someone have done a comparison between Senior citizens saving scheme vs debt funds. I m looking to make a lumpsump contribution at this stage and need to find which debt instrument is better in terms of returns. Thanks

Rajeeve Kaushik:

With the phasing out of guaranteed pension and FD interest at historical lows( as compared to 2 decades ago the retirees have come into dilemmas. Despite lot of options available they are unable to find the difference between most of them and decide.
When someone is looking for comparison between scss and debt funds then it is obviously for the senior citizen who has retired.
The person is moderately to high risk averse and will not like to take chances with his retirement nest which is quite fair to expect.
It is the mind set which will control the choices.
For the purpose and taking taxation into account I would suggest that retired person himself takes the call as to he will like a fluctuating return or a fixed return.
Few other factors have to be taken into account here..
1. Is the person drawing pension or not.
2. Capital gains from debt funds will not be able to be adjusted against the deductions.
3. Scss gives returns higher than a normal FD and quite in line with the debt funds.

 4. Finally and more importantly it is the risk taking ability of the person that will decide the option.

RIGHT WAY TO INVESTING IN MFs

Hello Sir Xxxx Xxxx here , I am sailing as second officer   I am reluctant to ask this question on group as the topic regarding channel to invest in SIP are discussed very frequently and I am not able to understand some of the basic  aspects .  So my question starts here   Sir i have been investing in SIP through my KOTAK BANK app from my NRE account .( P.S : this was done long before I joined the Group )  I am looking forward to increase the amount gradually   I have downloaded myCAMS app and it shows all my mutul fund SIP in that app and all other options for investment  .(P.S : I have not done any KYC for myCams app , only the basic pancard and email ID has been used to log in)   Now my questions are as follows  1) what needs to be done with SIP which are being managed through kotak bank app  2) IS MYCAMS is  same platform as Camsonline which you suggest for Investment ??   Your Advice will be very helpful for me to understand the very basic of investment .   Thank you .

Reply

1. For further augmentation any SIP needs to be stopped and another one of higher amount started.
OR
An additional SIP can be started in your Kotak fund from either Kotak app/ website or Cams app/ website.
2. Yes mycams is an app of Cams and camsonline.com is the Cams website.
3. Cams and Kfintech are RTA- Registrar and Transfer agents of the entire Mutual fund industry.
That means they take care of the entire transactions,paperwork and accounts of the mutual funds.

Also wish to inform you that:
1. MFU or mutual fund utility was a joint effort started by amc's themselves around 15 years ago.
2. MFCentral similar joint effort between the RTAs. Ki