Who should Consider Investing in an Income Mutual Fund?
Income mutual funds are suitable for a range of investors including:
1. Retirees: Retirees often utilise income funds to supplement their retirement income, since these funds offer a source of regular payments.
2. Conservative Investors: Investors who prioritise preserving their capital and having a stream of income, and overgrowth might find income funds appealing.
3. Income Seeking Investors: Anyone seeking a source of income can benefit from investing in income funds including those saving for specific financial goals.