Where should I invest Rs 20 lakh for long term?

I am 30 years old. My father and mother passed away last year. I got Rs 20 lakh through insurance, settlement and PF. I want to invest the money for a long term. I have a moderate risk profile. But want to invest 1/3rd of the corpus in high risk investments. Please help me.
-Ramkumar

Hope you have your basic financial planning done. That is, you have your:
a) Contingency fund to cover six months's living expense
b) Personal health insurance cover

c) Term life insurance cover (only if you have financial liabilities and dependents)

If you are moderate risk-taker, you may consider investing in multi cap schemes. These schemes invest across market capitalization based on the fund manager's view on the market. They have the potential to offer slightly higher returns than large cap schemes.

Here are our recommended multi cap schemes: Best multi cap schemes to invest in 2019

If you want to invest a small part of your portfolio in a high risk scheme, you may consider mid cap schemes. These schemes are risky and highly volatile. However, they also have the potential to offer superior returns. However, you should invest in them only if you are absolutely sure you would continue with them even if they fall sharply. If you don't have the nerve, do not invest in them.

Here are our recommended mid cap schemes: Best mid cap schemes to invest in 2019

Keep a track of your investments. Review the performance of the schemes vis-a-vis their benchmark and category at least once a year to get a clear picture.

Also, do not invest in too many schemes. Invest in a maximum four schemes so that you can keep track of them easily. Scatter your investments over a period of six months to a year through SIP or SWP.

If you find all this too much to handle, find a reliable mutual fund advisor or financial planner near you. Ask your family and friends for references.