Finance, Forex and Investments

Indian Mutual Fund market which is the best fund I can invest my money?

Hi I have enough money in my hand after doing my tax investment for this 2009-2010 finicial year. I have invested for tax benefit in SBI magnum tax -Dividend. I have invested amount so that I will get complete tax exemption But still some money is there with me but I dont want ot invest in same SBI magnum tax since it has 3 years lock in period. Since this is excess money I want to invest some where my money will have safety & growth. Can you please suggest me which fund I can opt now? Thanks Bala

Public Comments

1. Go to www.money control.com and research the mutual funds.If you have 2-3 years perspective,go for an equity mutual fund but wait for market to correct( 15-20 % expected shortly)'Right now Reliance Infrastructure Fund -FPO looks attractive for a perspective of 5-7 years with expected returns on appx,15-20 % per year.All the best.