Please help me choose the best Mutual Fund Investment through SIP?

I am planning to invest my money, say 1000 Rs every month. People in yahoo answers suggested that i consider Mutual Fund investment through SIP. But I don’t know anything about mutual funds and how to choose them. I am planning to invest for at least a period of 5 years, as a monthly installment of 1000 Rs. Please guide me to choose a mutual fund which is low risk but will provide good returns. Thanks a lot for all the help.

3 Replies to “Please help me choose the best Mutual Fund Investment through SIP?”

  1. SIP is very good investment these days, if you want to invest monthly then invest your money in HDFC Top Plans, ICICI Dynamic and Discovery plans, SBI gold mutual funds.

  2. If you cannot do independent research on mutual funds, then please go to valueresearchonline or moneycontrol sites and choose 5 star equity diversified funds OR large cap equity funds. That is a good starting point for SIP. You are on the right track. try to increase invest to more than Rs 1000 if possible.
    if you can take on some risk, then mid-cap equity funds are better

    But since your question is on specific funds, HDFC Top 200, HDFC Equity, DSPBR Top 100, etc are good funds for SIP. Choose equity diversified funds and do not go with sectoral funds like power, infrastructure, etc

  3. Some of the top schemes that performing well in 2011 are Taurus Mutual Fund, UTI Master Value Fund, IDFC Midcap and Small Equity, ICICI Pru Discovery Fund and DSP BR Micro Cap fund. For ICICI Discovery Plan, the minimum investment is 5000 rupees. The absolute return percentage is around 80%. The absolute return of the first quarter of 2011 is around 5.0%

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