Edit: This question is about investing in mutual funds in India by a resident of India.
I have been working for the past 7 years. I have most of my savings in fixed deposits (60%) and stocks (40%).
My biggest regret has been not investing in mutual funds. With my approach with stocks, I am not able to earn money in 7 years. I now want to invest in mutual funds. What would be the best approach?
I can do a lump sum, the risk of which is that the market may go down in the upcoming months. Or I can do a month by month SIP where the risk is that the market goes up and my savings remain in the bank. How can I balance these two risks?