I have a lumpsum of 20 lakhs to invest for a period of five years (or more). I already have some emergency fund and ongoing SIPs. So I decided to invest all of the twenty lakhs in index funds.
My investment strategy is to divide money to be invested in each fund into three parts and invest at market lows over the next month.
I want to invest five lakhs in US stock market. I have been exploring this for the last couple of months and this seems like a good opportunity to enter.
These are the funds I’m planning on investing in:
1. UTI nifty 50 - 5 lakhs (I do monthly SIP in this fund)
2. UTI nifty next 50 - 3 lakhs (I do monthly SIP in this fund)
3. Nippon BSE Sensex 30 - 5 lakhs
4. Axis nifty midcap 150 - 1 lakh
5. Motilal nifty defence 2 1 lakh
6. Vangaurd S&P 500 - 2.5 lakhs
7. NASDAQ 100 - 2.5 lakhs
Please review the funds and investment strategy.