My 37-year-old with a monthly investment of 20,000 - is my choice of SIPs the best for building a solid financial foundation?

Ans: Hello , as I can see your time horizon is 20 years so you can take some volatility in your portfolio.
You should go for the following allocations :
Small cap 30% , mid cap 30% , multi cap 15% , large and mid cap 15% , thematic funds ( consumption, tech, etc ) 10%
If you want to accumulate 10crs in 20yrs your sip amount has to be Rs.101000 at the rate of 12% xirr

Ans: It's great that you're investing your monthly surplus in SIPs to build your wealth.

You have a well-diversified portfolio and the funds in your portfolio are performing well in the current market scenario. In the finance planning of any portfolio, it is also important to consider many factors, including client age, risk profile, current asset allocation, etc.

As you’re 55 years of age and already have a high allocation of equity in your portfolio, for the additional investment, I suggest you start investing in a Balanced Advantage Fund and Equity Saving Fund to make your portfolio a bit conservative.

Ans: Considering your age and financial situation, it's commendable that you're looking to diversify your investments. For a conservative approach, you can allocate a portion of the 1.50 lakhs monthly income from FDs towards SIPs and other investment options.

SIPs: Start with balanced funds or debt-oriented hybrid funds that provide a mix of equity and debt exposure to manage risk. Allocate around 50% of the 25k SIP towards these funds.

Debt Funds: Invest the remaining 50% in short-term debt funds or corporate bond funds for stable returns and lower volatility.

Senior Citizen Savings Scheme (SCSS): Consider investing in SCSS, offering higher interest rates and tax benefits for individuals aged 60 and above.

Fixed Income Options: Explore Post Office Monthly Income Scheme (POMIS) or Pradhan Mantri Vaya Vandana Yojana (PMVVY) for regular income and safety.

Health Insurance: Ensure you have adequate health insurance coverage to manage medical expenses and safeguard your financial well-being.

It's essential to consult a Certified Financial Planner (CFP) to create a personalized investment plan tailored to your needs, risk tolerance, and financial goals. They can guide you on asset allocation, tax-efficient strategies, and retirement planning to secure your financial future.