Sanjay , You can invest in Best Mutual funds like Magnum Contra, Kotak 30, HDFC Top 200 and Franklin Prima Plus, They have a good track Record since its inceptions . If you can take Risk in equities you can invest that Fund , If you want to take Normal risk , you can turn to HDFC Prudence Fund - This Mutual Fund invests in both equity (65%) and debt (35%) instruments. This is one of the safest funds with a great track record of over 14 years, and has been giving a compounding return of around 20-25% per year
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