Should I invest the lump sum now as the market is at very high level

You have selected good funds for your current SIPs and you can expect good return as your investment horizon is quite long.

With regards to your lump sum investment of Rs 50,000 or 25,000 x two funds, you can invest in diversified equity funds. You are already investing in one diversified equity fund. i.e. ICICI Prudential Value Discovery Fund. The other could be Birla Sun Life Advantage Fund.

Please note that even though the markets are at all time high, it is impossible to guess if it would not rise further or go down from here. If you recall the year 2008 when the market corrected sharply, one who could keep patience got rewarded hugely as the market went up and touched new high within couple of years

The point we are trying to drive here is that you cannot time the market, therefore, if you are investing for next 5-10 years, then you can straightaway invest the lump sum amount. However, if you are in doubt, you can take the STP route - invest the lump sum in liquid funds and transfer a fixed amount weekly to equity fund. But remember, if the market keep rising your cost of acquisition of equity funds may be higher as you will be buying units at high levels.

We think, you should focus on your investment objective and invest in lump sum without trying to time the market as your investment horizon is long!

Hope the above helps! Thanks for writing to Advisorkhoj !!