Risk tolerance will decide asset allocation of your investible corpus
You can consider equity mutual funds and invest in a staggered manner via a systematic transfer plan (STP) by first investing in a debt scheme and then transferring the funds to equity
My wife passed away recently and I received ₹1 crore from her term plan policy. I wish to use this money to secure the future of my two children. My son is currently six years old and my daughter is 10. I will need ₹20 lakh each for their college education when they turn 18. I will also need ₹30 lakh each for their post graduation, and ₹25 lakh each for their weddings. My retirement is taken care of as I am in the army. Please tell me how this money can be invested to reach the desired goals. Kindly also factor in the inflation.