Suggest a mutual fund for investment?

I want to invest some amount on mutual funds for my babies future

The Toppers

EQUITY-DIVERSIFIED

Franklin India Prima
SBI Magnum Contra
Tata Pure Equity
HDFC Capital Builder
SBI Magnum Global 94

EQUITY-ELSS

SBI Magnum Tax Gain 93
HDFC LT Advantage
Pru ICICI Taxplan
Birla Equity Plan
HDFC Taxsaver

BOND FUNDS

UTI Bond
Principal Income
Reliance Income Retail
Templeton India Income
JM Income






BALANCED FUNDS

HDFC Prudence
Templeton India Pension
SBI Magnum Balanced
Pru ICICI Child Care-Gift
Tata Young Citizens

invest in this MF mr. rao...
really worth it!!

http://www.utimfenergyfund.com/microsite...

If u r really investing for yr baby's future than dont go for MF.
Go for UNITLINK plans of any good life insurance company ultimately they give good returns for long term invt..
They also invest in MF but charges are less than the MF in the ending years which gives u higher returns..

There are more than 700 schemes by 20 odd asset management companies in India.

First you should decide whether you want to invest in mutual funds among other options available http://www.personalfinance201.com/financ...

http://www.personalfinance201.com/mutual...

Understand your risk profile and your entire financial goals (not just children's future), before you take financial decisions.

All this is not scary and time taking but is made to be by uninformed (and sometimes unscrupulous) agents

Do research yourself at Moneycontrol.com & valueresearchonline.com

birla sunlife international equity fund

I think you may select Reliance Diversified Power Sector Growth or JM Basic Fund. Both are giving very good returns.

Great idea.... ask total strangers, whose qualifications and motives can never be known..... where to in-trust your babies future nest egg.

Good luck with that.

Take a little effort. Read a couple of books on Mutual Fund Investing. Understand risk and asset allocation. Recognize the long term effect of management fees on a fund.

This is all much easier than it sounds. Do the right thing. Be responsible. It will help both of you for a lifetime.
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BTW: Most of the specific suggestions you've received (so far) are absolutely terrible.

Go for SBI,they are reliable ,they won't fold and you can transit and redeem online,and their funds are very good.