Purpose: Invest in 'SIPs of Rs 1000 for 20 Years' if you want to invest very small amount per month. This portfolio diversifies your investment across two high-quality equity funds for good long term return.
Ideal way of investing: SIP (systematic investment plan)
Ideal investment duration: 10+ years
Rationale: Since this investment is long term (10+ years), it is primarily an equity portfolio. Diversified across Mid Cap and Large Cap. LT Value Fund as it invests in low valued companies. Mirae Asset India Opportunities for Large Cap because it has beaten the benchmark significantly.