Can you suggest some good mid and small cap funds

You are right, you cannot invest lump sum amount in these two funds. However, you can invest through SIP or STP in Mirae Asset Emerging Bluechip Fund with a limit of Rs 25,000 per transaction. But as you do not want to invest through SIPs, you may like to invest through STP. In case you are interested in investing through STP, you should first invest the lump sum amount in Mirae asset Cash Management Fund and then transfer to Mirae Asset Emerging fund either weekly or monthly within the cap of Rs 25,000 per instruction.

DSP Black Micro Cap Fund is not accepting SIPs as of now.

The other top performing funds in mid and small cap category are - Reliance Small Cap Fund, Franklin India Smaller Companies Fund, Birla Sun Life Pure Value Fund and L&T India Value Fund. However, whether any of these funds or all of the funds will give superior return in future, compared to Mirae Asset Emerging Bluechip Fund and DSP BlackRock Micro Cap Fund, can not be predicted now.

Thanks for writing to Advisorkhoj.