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What Approach should I adopt to invest 12-15 lacs in mutual funds ?

Hello,

I have total cash amount of around 12-15 lakh and would like to invest in Mutual Fund. However I am aware that investment should be in SIP and not lumsum. What approach should I go with this lumsum amount. Is there any way I can keep all my amount other than FD?

In future, I am planning to take home for which I can use this amount as a down payment but as of now I want to to invest in MF. Please suggest what strategy for investment? Any other option other than MF except shares?

Thank you.

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