Mutual Funds

Systematic investment plans are the best way to invest in mutual funds .You should select the right scheme for systematic investment. The selection of scheme will depend on the age, period of investment, goals etc.

In general the following schemes having a good track record of returns over past five year’s periods are suggested for investments:

1. Franklin India blue chip fund
2. Franklin India prima fund
3. Franklin India prima plus
4. Franklin India taxshield
5. HDFC prudence fund
6. HDFC growth fund
7. HDFC equity fund
8. HDFC top 200 fund
9. HDFC tax saver
10. Birla advantage fund
11. Birla mid cap fund
12. Birla equity plan
13. Prudential ICICI growth fund
14. Prudential ICICI emerging star fund
15. Reliance growth fund
16. Reliance vision fund
17. Sundaram bnp Paribas select midcap
18. Sundaram India leadership fund
19. Tata pure equity fund
20. Tata select equity fund
21. Tata tax saving fund

Some of the comparatively new schemes are also performing well e.g.:

1. Franklin India flexi cap fund
2. HDFC core & satellite fund
3. Prudential ICICI power
4. Prudential ICICI dynamic fund
5. Birla Top 100 fund
6. Birla dividend yield plus
7. Tata growth fund
8. Tata mid cap fund
9. DSP Merryl lynch top 100 fund
10. SBI blue chip fund
11. Sundaram bnp Paribas SMILE fund

The most important fact is to invest regularly . Whatever savings are possible should be invested in the selected schemes for atleast 3-5 years to get better returns. One should expect a CAGR of 15 % in long term .