If there is an open-ended bond fund that is passively managed with maturity roll-down, investors may opt for it to gradually reduce interest rate risk

Your parents have done their best to secure your future and well-being at every step of the way. It is time you take responsibility for their future wellbeing too.

Close-ended mutual funds do not have any track record and aren’t open to investors post their initial offer period

When parents start investing early through SIPs, they allow more time for their corpus to grow. Also, monthly outgo in the form of SIPs is lower than those investing late for the same amount of corpus