Dear ,
My relative who is retired and now almost 65 has a FD of Rs 20 Lacs in a bank and he gets approximate 8.25%return due to his senoir citizan status.
He has to pay tax on the intrest .
May i request you to suggest investment in mutual funds in which he can park his funds without any capital loss and he gets slightly more income as a tax free.
Risk appetite is very low for him due to age factor.
Regards,
Manher
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Moneycontrol 
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