As it is always emphasized, you need to concentrate on various aspects like post tax returns and inflation rates etc, and not consider only the returns aspect of investing in a financial product.
Apart from having a debt asset and an equity asset, consider having multi-cap, large-cap, mid-cap and equity-linked saving schemes along with most importantly, hybrid funds in your portfolio. Ensuring that you have a hybrid fund in your portfolio, helps it gain diversity and create a stronger base in these changing market scenario. Having a small exposure to gold exchange-traded funds via the SIP route where the total exposure in gold is not higher than 5-10%, can help increase your savings.
Match your financial goals and dedicate specific investments for each goal. Make sure that all long-term goals have reasonable exposure to equity and wherever there is fixed maturity—PPF and insurance plans—the maturity matches with the financial target’s timeline.
Apart form having most of your funds invested in income generating schemes, it is important that you park certain amount of funds where they are made available in liquid cash so that you can receive funds as and when required in case of emergencies.
Remember that, if you follow as a strict savings and investments where you have the right exposure to debt and equity classes, not only you avoid of getting into a debt trap of a personal loan or a home loan but also you ensure that you have created long term wealth, for a debt free post-retirement life. For this, it is important for you to save at least 40-50% of your salary and cut down on unwanted expenses.