Which is the best mutual fund to invest for a beginner ?

There really is no "best" mutual fund. There are some good mutual funds and some not so good mutual funds. A fund that performed very well last year may not perform so well this year.

For a young beginner, a good choice would be a broad based equity fund with a consistantly good track record. As more capital is accumulated, other mutual funds with more specific objectives can be added to your holdings. But to begin with a broad based equity fund will provide the least amount of specific risk and a good opportunity to participate in the economic growth.

Pick any fund from these fund houses:

1) SBI
2) Reliance
3) HDFC

They all have wonderful track record of returns.

Additionally you can also visit the following links and look for the funds that suit you the best

http://www.moneycontrol.com/mutualfundin...
http://www.valueresearchonline.com

A Standard & Poor INDEX fund is the only one proven over a long period.

Try to stick to what are called index funds. The stock allocation will typically mirror some index like the Dow or S&P. The expense ratios are much lower than an actively managed fund and index funds outperform the typical actively managed fund!

franklin, fidelity,sbi

choose any of the following funds and go for SIP route
HDFC top 200
SBI contra
Franklin Prima

Mutual funds are for those who have a stomach for sticks but do not want to go into researching about them.

As a rule for stock investing, you concentrate on a few stocks so you can follow each stock. The same is different for mutual funds. The best mutual fund strategy is to buy different kinds of funds (i.e. dividend fund, growth fund, value fund) and invest money each month, without thinking much of what the equities market has done recently. I think that equity fund do better than bond fund historically.

Happy investing!