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For all Red fish, we recommend you to feed them red color enhancer food to maintain their beautiful red color. If not, it can fading off a bit

Blood RED PARROT Cichlids are beautiful, albeit controversial, freshwater fish. These fish are not found in the wild. Instead, they are a hybrid fish species that was first created in Taiwan around 1986.

The exact species used to create the Blood Parrot Cichlid are not known. However, many think that the Redhead Cichlid (Paraneetroplus synspilus) and Midas Cichlid (Amphilophus citrinellus) are the parent species. 
A typical lifespan of a healthy Blood Parrot Cichlid is between 10 and 15 years.

Blood Parrot Cichlids are a unique-looking fish, which is one of main reasons they’re so popular in the aquarium scene.