I am a 50 year old professional with more than 2 decades in 2 large Pharma MNCs that I invested in 3 flats (Mumbai, Thane and Chennai) and left with a corpus of 2 crore. Somehow I never heard or seen any proper advice from anyone with regard to investing lumpsum in MFs. Currently the FDs are earning a decent 8.5 per cent per annum and my risk appetite is low.

What is your advice for me to invest in MFs?

- It's very difficult to time the markets, therefore please stagger your investment over 12 months

- MF is a good choice

You may invest in Direct plans of below via Directly on AMC site or Direct platforms;

- DSP Focused Fund – Growth

- UTI Flexi Cap Fund – Growth

- Samco Flexi Cap Fund – Growth

- Parag Parekh Flexi Cap Fund – Growth

These funds can be considered

1. Axis ESG Equity Fund (Growth)
2. Parag Parikh Flexi Cap Fund (Growth)
3. SBI Magnum Global Fund (Growth)
4. DSP Quant Fund (Growth)

1. UTI Flexi Cap Fund -- Growth
2. Parag Parikh Flexi Cap Fund -- Growth
3. Axis ESG Equity Fund -- Growth
4. Motilal Oswal Focused 25 Fund -- Growth

Tax savings are capped at Rs 1.5 lakhs under 80C per annum, therefore it does not make sense to invest more than that in ELSS schemes.

A few ELSS Schemes that can be considered are

1. Axis Long term Equity Fund -- Growth
2. Canara Robeco Equity Tax Saver Fund - Growth

1. HDFC Banking and PSU Fund -- Growth
2. ICICI Corporate bond Fund -- Growth
3. Union Balanced Advantage Fund -- Growth
4. Aditya Birla Corporate Bond Fund -- Growth

Depending upon your requirement you may set up SWP, however that should be not more than 7% to 7.5% of the corpus.