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Please suggest good MFs for lump sum if you suggest me to invest now. My risk appetite is I do not want to lose my principal amount at any cost, fine with less returns. 

Lump sum investment

I want to withdraw 50 per cent from Kotak and UTI and invest in Edelweiss Money Market Fund (Direct Plan -- Growth Money Market Fund) and PGIM India Ultra Short Term Fund (Direct Plan -- Growth Ultra Short Duration Fund).

Is it a good idea?

I have also invested Rs 1.3 lakhs in Mirae Asset Large Cap Fund (Direct -- Growth) through SIP.

Now I want to exit and invest in Mirae Asset Emerging Bluechip Fund.

Is it a good idea?

If yes, please suggest withdrawal and invest through SWP or lumpsump?

I lost my wife on 23 Dec'2019. She files IT Returns and for the AY 2020-21 I filed her returns as representative. I too file IT Returns every year. I have not yet filed my returns for the AY 2020-21 since I have a query on the amount of bank and post office fixed deposits, LIC's PMVVY and two MFs of my wife.

As a nominee I received an amount of Rs 73,99,082 for all the fixed deposits of banks and post office, LIC PMVVY of my wife. The two Mutual Funds of Rs 33,31,316 of my wife also transferred on my name.

My queries are:

1. Do I have to show the above in my Tax Return?

2. If I show it, is it taxable?

3. Which ITR form should I use to file the returns for AY 2020-21?

I will be highly grateful for your help and guidance on this sir.

Presently investing through SIP:

UTI Nifty Index Fund - Dir G Plan: Rs 4000

HDFC Index Fund - Dir G Plan: Rs 4000

SBI Blue Chip Fund Dir Plan-G: Rs 4000 (3.55% return)

Mirae Asset Large Cap Fund - Dir-G: Rs 4000

Canara Robeco Equity Diversified - Growth  4000

IIFL Focused Equity Fund - Dir - Growth: Rs 2000

Axis Small cap fund - Growth-Direct: Rs 2000

UTI Value Opportunities Fund - Dir – Growth: Rs 2000

LIC MF Large & Mid Cap Fund - Dir - Growth: Rs 2000

Axis Midcap fund - Growth - Direct: Rs 2000

Axis Blue Chip fund - Growth - Direct: Rs 4000

Axis Small Cap fund - Direct- Growth: Rs 2000

One time investments done:

Kotak Money Market Sch-Dir Plan-Gr 

IDFC Government Securities Fund-Investment Plan-Growth-(Direct Plan)

Principal Credit Risk Fund -Reg Plan

UTI Ultra Short Term Fund - Dr Plan - Gr

Previously invested through SIP but stopped now. I want to exit these funds. When can I exit?

ABSL Equity Fund - Growth-DIRECT (4.47% return)

ABSL Frontline Equity Fund -Grow-DIRECT (0.79% return) 

Kotak Std Multicap-Direct Plan-Gr (4% return)

L&T Emerging Businesses Fund Direct Plan (-15% return)

L&T India Value Fund Direct Plan – Growth (0.38% return)