Should I invest in one go when the markets are high

Yes, we can definitely help you in selecting funds for STP from liquid/ ultra-short term funds to balanced or equity funds.

However, please note that STP works well when the markets are volatile. As the markets looks bullish, STP may not work in your favour. Also, as your investment horizon is 7 years or more and risk profile moderate, you should straightaway invest in lump sum.

Investing in balanced funds and equity funds gives you good return provided you have a minimum investment horizon of 5 years. In your case, it is 7 years, therefore, you should not worry while investing in one shot.

Considering your risk profile, you should invest in balanced funds only. Equity funds of any category are meant for those who have moderately high to high risk profile.

Some of the top performing balanced funds are – ICICI Prudential Balanced Fund, Principal Balanced Fund, DSP BlackRock Balanced Fund and HDFC Balanced Fund https://www.advisorkhoj.com/mutual-funds...

However, if you are still interested in investing through STP mode, then you may note the name of some of these funds –

– Principal Cash Management Fund to Principal Balanced Fund

– ICICI Prudential Liquid Fund to ICICI Prudential Balanced Fund

– DSP BlackRock Liquidity Fund to DSP BlackRock Balanced Fund

– HDFC Cash Management Fund to HDFC Balanced Fund

Hope the above is helpful. Thanks for writing to Advisorkhoj.