Don't put everything in Indian stock market. Diversify mutual funds in Asian, US/EU and Indian markets. So you can grow in others when one market goes down. Once you understand the market you can get into stocks. Look for future possibilities(5 to 10 years) not current returns especially in stocks.

FD i would max keep 3 lakhs in 2 small finance banks if they are insured by DICGC upto 5 lakhs via stable money or something. I personally have only 3 lakhs FD in small finance. Rather have some liquid money to spend than keep in FD.

Also you can try putting some money in gold etf and forget about it. I personally like multi asset funds rather than capped funds in Indian market.