I am 59 years old to retire this 2024 September. It is better to invest from corpus a portion in debt funds and maximum in safe securites like MIS, SSS etc. Also is it right time to buy some shares fof IRFC, RVNL, IREDA, some banks (which are ones) etc. Kindly enlighten me.

Ans: Congratulations on your upcoming retirement in September 2024! Here's some guidance on your investment options:

Asset Allocation for Retirement:

Safety and Regular Income: At your age, prioritizing safety and generating regular income for your living expenses is crucial. Debt funds and government-backed schemes like MIS (Monthly Income Scheme) and SSS (Senior Citizen Savings Scheme) are suitable options for this.
Equity Exposure (Optional): A small portion (consult a financial advisor for a specific percentage) can be invested in equities for potential long-term growth, but prioritize capital protection. Consider dividend-paying stocks from established companies for a combination of income and growth.
Debt Funds:

Invest in short-term debt funds or income funds to provide stability and regular interest payouts.
Government Schemes:

MIS: Offers monthly interest payouts and is a good option for regular income needs.
SSS: Attractive interest rates and tax benefits, but limited withdrawal flexibility.
Equity Investments (Optional):

IRFC, RVNL, IREDA: These Public Sector Undertakings (PSUs) can be considered for a small portion due to their government backing. However, research their individual performance and future prospects before investing.
Banks: Select established banks with a good track record of dividend payouts.
Important Considerations:

Investment Horizon: Since you're nearing retirement, your investment horizon is shorter. Focus on capital preservation and regular income.
Risk Tolerance: Equity investments carry market risk. Don't invest a significant amount in equities if you're risk-averse.
Professional Guidance: Consulting a Certified Financial Planner (CFP) is highly recommended. They can assess your financial situation, risk tolerance, and retirement goals to create a personalized investment plan that considers debt funds, government schemes, and potentially a small portion of equities if suitable.
Here's a suggestive approach (consult a CFP for personalization):

60-70%: Invest in a mix of debt funds and government schemes (MIS/SSS) for safety and regular income.
30-40% (Optional): Consider a small allocation towards dividend-paying stocks from established companies or PSU stocks like IRFC, RVNL, IREDA (after thorough research) for potential long-term growth.
Timeliness of Stock Market Entry:

It's impossible to predict the market perfectly. However, a long-term investment horizon can help ride out market fluctuations.
Focus on fundamentally strong companies with a history of consistent performance.
Remember:

Diversification is key. Spread your investments across different asset classes to mitigate risk.
Regularly review your portfolio (at least annually) and rebalance if needed to maintain your desired asset allocation.
By carefully considering these factors and consulting a CFP, you can make informed investment decisions to secure a comfortable and financially sound retirement.