Don't pick any random fund and fund house. Also avoid taking the advice of banks and the mutual fund agents. They are going to take advantage of your lack of knowledge. They may sell you some bad financial products.
Here's short process for the selection of mutual fund.
1. Go to https://www.valueresearchonline.com/
2. Go to fund selector tools.
3. Choose equity or balanced depending on your needs.
4. Exclude the following - suspended plan, close ended plans, direct plans.
5. Uncheck 3,2 and 1 start funds.
After you make steps, you can get the data on the funds. You will get the list of funds form this option. And you can then decide which fund suits your risk appetite. For simplicity choose the funds with 5 star performance.
Choose from the top 10 funds. And then decide which fund good for the lumpsum. Go with the direct plan on their official site.