Ask ET Mutual Funds: Where can I invest a lumpsum of Rs 50 lakh?

I wish to invest Rs 50 lakh as a lumpsum in five to seven best performing mutual funds with a ten year horizon. I am a pensioner, 60 years old. Please suggest.

--Mathew Philip

Rishabh Parakh, Chief Gardener, Money Plant Consultancy, responds:

I am assuming that being a pensioner your risk appetite is very less. Also, the other fact is not clear, whether you need regular income from this investment. But looking at your ten year investment horizon period and risk appetite, you should invest via Systematic Transfer Plan (STP) only and not in one go. It helps you to invest systematically over a period of months to avoid any shock from the market volatility. You should build a balanced portfolio by investing in a mix of equity and debt funds. You can plan to invest in SBI Bluechip Fund, Mirae Asset India Opportunities Fund, Invesco India Contra Fund or Kotak Select Focus Fund, Birla Sun Life Equity Fund, Tata Balanced Fund, HDFC Balanced Fund & L&T Prudence Fund to give you an overall balanced, largecap and multicap portfolio allocation.

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