What are the top performing mutual funds in India today to invest in?

What are the top performing mutual funds in India today. Can you please elaborate since i am new to mutual funds and am thinking of investing in one. Also, what type of fund (balanced/equity) would be best suited for a newbie?

Reliance Vision Fund would be a good bet. In general equity funds give better return than balanced fund, but it is never a good idea to invest in one type of fund only your portfolio should be a balanced one reflecting your risk taking ability.

Don't chase history, those funds are over bought and due for a correction.

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