Where to invest lump sum of 16 L?

[helmi]

@jazzman87 I am just 24. I don’t want to play as safe as putting it all in FD yet.

 

[jazzman87]

@helmi Then wait for some time till there's some correction and do a lumpsum investment. But break 16L into 4 sets of 4L and put it in 4 different MFs

 

[helmi]

@jazzman87 Noted. Where to put it in until then? Hybrid funds?

Also Shall I start a SIP of 15k in Parag Parekh hybrid fund after paying off education loan ?

 

[jazzman87]

@helmi Since u r willing to take risks, u can put like given below

Quant Smallcap fund - 4L
PP Flexicap fund - 4L
(*) Midcap fund - 4L
(*) Nifty50 index fund - 4L

 

[helmi]

@jazzman87 Thanks a lot. But I was also asking where to put it until correction. Which maybe in a few months or even a year

 

[jazzman87]

@helmi U can keep it in some liquid fund till then. Might be a boom will happen after election results. So if u wish u can invest now itself

 

[jazzman87]

@helmi Or u can try 15k into motilaal Oswal microcap index fund. High risk & high returns

 

[helmi]

@jazzman87 Ok. Will look into it. Thanks. Really appreciate all the advice

 

[jazzman87]

@helmi Welcome

 

[lyanveness]

@helmi You have only seen bull markets my friend. 8 percent after tax paid loan is much better than index funds