Best mutual funds to invest in 2011 in india for sip

Just before a week SBI mutual fund declared dividend for its tax saving evergreen scheme “SBI Magnum Tax Gain Scheme”, again it has declared dividend for its another 2 schemes. The other two schemes are “SBI Magnum Balanced Fund” and “SBI Magnum Sector Funds Umbrella – Emerging Business Fund”.

Do you want to earn more returns for your investments? There are many smart ways to earn more money. You can invest in mutual funds to earn more returns for your investments. Some investors may not be able to invest their savings in funds at a single time. So the mutual fund companies launched "Systematic Investment Plans" for the benefit of the retail investors as well as the low income persons.

Some of the fund companies that operate in India are:

State Bank of India
Unit Trust of India
HDFC - Housing Development Finance Corporation
Franklin Templeton
Fidelity Investments
Tata
Sundaram BNP Paribas

Some of the best sip plans to invest in 2010 are listed below for your reference. These were rated as the best sip plans in India. You should consult a certified expert before investing.

SBI Magnum SIP
SBI Magnum Sector Funds Umbrella - Contra Fund
Reliance Equity Fund
SBI Blue Chip fund
SBI Magnum Tax Gain Scheme
SBI Magnum Sector Funds Umbrella - Emerging Fund

You can get more benefits if you invest in the best sip schemes. You can make monthly payments as you used to invest in a bank recurring deposit schemes. The minimum amount that has to be paid for a particular scheme is Rs 500. But there are some schemes like "SBI Chotta SIP scheme" and some schemes in "Reliance Mutual Funds" where the minimum investment amount is Rs 100 only.

Next Step: You can find more details on best SIP Plans to invest and apply online.

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