The following answer is obtained by our Expert Opinion : Whenever it comes about investing in MFs there are two reasons whether you want to save the tax or you want to grow the wealth. At present market is not performing well, we will suggest you to wait for few more days. If you are a beginner you should start with a monthly SIP instead of lumpsum investing. We suggest you to start with : SBI equity hybrid fund for 5 year plan Axis Long Term Equity Fund for 5 years DSP mutual fund