What to do if you have Rs 20 lakh to invest now

For moderately conservative investors, they suggest 50% exposure to equities and 50% allocation to gold and fixed income would still be a good option. Within equities, they are recommending index funds, or flexicap funds for large-cap allocations. Given the sharp run-up in mid and small cap stocks, investors should avoid lump sums in such schemes and allocation should be staggered over the next one year.