New Delhi, May 8 -- The Indian stock market had experienced wild fluctuations in recent weeks, driven by global cues, crude oil prices, and geopolitical tensions between the United States and Iran in West Asia.

During an uncertain period like this, investing Rs.10 lakh requires a clear asset allocation strategy based on an investor's risk profile and financial goals. Financial advisors generally classify investors into three categories - conservative, moderate and aggressive - with each category having a different mix of equity, debt, gold and cash investments.

Asset allocation should always align with an investor's risk appetite and financial goals. Different financial advisors may give you slightly varying allocation percentages for e...