1. For income generation - continue with Fixed Deposits, Recurring Deposits and Senior Citizens Savings Schemes if their returns are similar to debt funds, to the extent of 50,000 interest on them, as this is tax-free annually u/s 80TTB.
2. For growth generation - invest 40-50% of corpus in a Hybrid Aggressive fund, through SIPs.
3. For tax-savings - invest in ELSS, for amounts needed annually, and systematically shifting its corpus into Hybrid Aggressive fund when its tax-saving purpose is no more required.
2. For growth generation - invest 40-50% of corpus in a Hybrid Aggressive fund, through SIPs.
3. For tax-savings - invest in ELSS, for amounts needed annually, and systematically shifting its corpus into Hybrid Aggressive fund when its tax-saving purpose is no more required.