Suggestions for Mutual Funds

Lump Sum investment is not advisable in mutual funds because the market has already run up a lot and a correction can come at any point of time. You can put that money in savings account and enable auto sweep so that you get higher interest on that amount and start a sip of Rs. 20000 in a large cap fund, Rs 15000 in a midcap fund and Rs. 15000 in a small cap fund and by doing this you will invest all of your amount in 3 years.

Go for arbitrage funds, they are debt mutual funds. Very low risk, and the best option till the market corrects. Once the market corrects and comes to a normal level go for Nifty 50 index fund Mutual fund.

Its very tricky market right now , one can miss the rally or there is a chance of correction , not so much decisive that's why FII also have a net outflow in recent times , My suggestion would be 20% in growth equity fund and 80% in debt fund , u will have some exposure if market run and majority exposure if market dip and if market correction is good u can invest ur debt mutual money in some multi asset fund which has good exposure in equity