I am getting 50 Lacs as VRS where should I invest

Since you are opting for early retirement, asset allocation will be very important. While some experts suggest a 50% debt and 50% equity asset allocation for early retirees, there are really no hard and fast rules. Your asset allocation should depend on your financial situation. You should review your overall financial asset situation, including direct equity, mutual funds, fixed income investments like, fixed deposits, post office saving schemes, life insurance etc and decide on the asset allocation that is most suitable for you in a consultation with a financial advisor.

Regarding your funds shortlist, all these schemes have historically been strong performers. However, if you construct a portfolio with these funds, it will be an aggressive portfolio. HDFC Midcap Opportunities, Canara Robeco Emerging Equities, ICICI Prudential Value Discovery are all good performers but they are aggressive funds given their high allocation to small and midcap companies. To balance the risk of your portfolio, you can invest in the moderate risk balanced funds like ICICI Prudential Balanced Advantage Fund, Reliance Equity Savings Fund etc. You should discuss with your financial advisor and make the appropriate decision.

As regards Systematic Withdrawal Plan (SWP), it is a great option to get regular income from your equity funds. However, you should keep in mind capital gains tax and exit loads when you decide to start your SWP. Remember any withdrawal before 12 months may attract short term capital gains tax. Also, most equity funds will charge exit load for redemptions before 12 months or even longer, depending from scheme to scheme.