Markets last month have reversed the trend of correction and has started moving up, due to improvement in sentiments, festive season cheer , uptick in sales of auto and consumer durables. News sources indicate that government is formalising reforms program to be unveiled in the coming months.
On the global front US China trade wars have not escalated which is a positive sign.
In the indian markets we see Large cap valuations are higher compared to mid and small caps, SIP/STPs can still continue, fresh allocations would be better off into multicap funds rather than pure large cap based funds.
At this point of time , we would recommend the following category of debt funds to invest in viz.. Short term, Corporate Bond, PSU & Banking , Low duration funds if you have a time frame of > 1 year.