Ans: Hi Kamlesh. On the basis of age factors and requirements, assuming a holding period of 3-5 years.
For 40 lakh, I recommend diversifying your portfolio across different asset classes. Hence, I would recommend investing 80% in equity funds and 20% in hybrid funds.
To benefit from future market volatility, I recommend investing via STP rather than lump sum. The following schemes would be suitable for SIP investments.
- Canara Robeco Emerging Equities Growth -- 20000
- Kotak Bluechip Fund -- 15000
- PGIM India Flexi Cap Fund -- 15000
Total: 50000