Sir, I have just redeemed my investments from non-performing funds. Planning to invest the same in Franklin India Bluechip, Franklin India Prima Fund and Franklin India Prima Plus Funds. Motive being children education.(kids are at primary level). Kindly advise whether it’s good to park the same in a debt fund and make STP or Lump Sum Investment in the above funds at once?
Considering your goal as 10+ years long, I suggest first try to build proper diversification between equity and debt in ratio of 60:40. For equity, above funds may good. But for debt, you must chose ultra short-term debt funds.
Also, no need to bother about lump sum or STP. Your goal is long term. Hence, you can invest lump sum at once.