Can you suggest mutual funds with allocation to equity and debt

As you are looking for allocation to debt and equities it is best to invest in balanced funds.

Balanced Funds invest upto 65% in equities and rest in debt and keep rebalancing this ratio based on the appreciation of the respective assets. We suggest you to read the following articles to know more about balanced funds and why it could be the right choice for you –

https://www.advisorkhoj.com/sbimf/Why-Balanced-Funds-may-be-the-best-investments-for-new-mutual-fund-investors

https://www.advisorkhoj.com/articles/Balanced-Funds/Investing-in-Balanced-Funds-versus-a-portfolio-of-Equity-and-Debt-funds

You want to invest Rs 20,000 per month for 20 years and Rs 5,000 for 5 years. Instead of selecting different category of funds, it is better to go with balanced funds as it will minimize the overall risk of the portfolio and shall provide stable return over a long period of time.

Some of the top performing balanced funds are – ICICI Prudential Balanced Fund, Principal Balanced fund, DSP BlackRock Balanced Fund, SBI Magnum Balanced Fund and HDFC Balanced Fund.

Hope you find the above useful. Thanks for writing to Advisorkhoj.