Which of the Mutual fund porduct will be the best option to me.I am 59 years of age,due for retirement next ye

I am a medical professional working in a medical school for 25 years. I have a son who is working im mnc.I live with my wife and Mom in my home. I will retiring next year with 25lakhs of rupees as "end of the job" payment. I lke to know how to live for the rest of the retired life

At your age, I recommend a sort of fixed income mutual fund. Fidelity has several of these which earn 5% or more - not too bad. They also have checking account features which are nice - so your Fidelity account earns 5%+, and you can write checks against it.

I would stick closer to the more conservative funds (money markets, fixed income, etc.). At 59, you don't want to lose a lot of value if the stock market tanks.

Americans are not going to have a clue here,
How did you live up to now?
Invest what you have left carefully as you expect little more to replace it if you lose it.
Small loans local area with people you can find and have family outside yours are a good bet.

Invest in any mutual fund such as tata relaince fidelity. its difficult to tell which one will turn out 2 be the best. dont invest in govt banks mutual funds for eg. uti & sbi(due to corruption prevailing there). Apart from that your idea in investing in mf is very good and go ahead

Look into annuties.. they give annual payments each year and have features to protect against downside risks..
ask your insurance agent or call AIg or any good insurance co. to help..
also you cud buy real estae and give it on rent.. and earn monthly payments..
good luck

A Mutual Fund Product has the RISK that you can lose money!

Do you really want to take on RISK at your age?

Remember what they all say "Past performance is not a guarantee of future results".

Read this website on SAFE MONEY PLACES / Fixed Annuities and submit a form for some advice:

http://www.jdsannuities.com

Depending on how much money you have and how much monthly income you need, you should be in a combination of things which should partly include Fixed Immediate Annuities, Fixed Deferred Annuities and Fixed Index Annuities.