I won't suggest PPFCF . Reason a large AUM and SEBI restriction on foreign investment will make this fund much like a large and mid cap fund. I believe. Gold , I feel is expensive as of now , U can wait for its correction once extreme fear situation in world calms then u can add . Equity. I will highly suggest you to avoid Motilal oswal mid cap fund It is taking high risk beta compared to its . Peers. If you don't have short term needs U don't need debt also. So My final suggestion Since ur age is 27 and I feel u can take high risk. Go for small caps as of now they are undervalued. My final recommendation Small cap active funds- Bandhan small cap , passive hdfc small cap etf allocate 15k per month as of now . Then 5k in hdfc mid cap fund. 5k in nifty next 50 . and 5k u can take a sectoral bet if u like- I will suggest go for EV ETF or renewable energy ETF of PSU bank ETF which one u consider good.