I want to start investment in MF with initial investment of Rs. 5000 in SIP for 3 to 5 years

We do not give specific investment advice. You have not mentioned your investment objectives and your risk tolerance. For wealth creation equity mutual funds are the best options. Please go through the following articles to review the most consistent equity funds in different categories.

Best mutual fund consistent performers in 2015: Large Cap Funds

Best Small and Midcap Mutual Funds: Consistent performers for investment in 2015

Best Diversified Equity Mutual Funds: Consistent Performers for investment in 2015

The risk return characteristics of large cap, small/midcap and diversified equity funds though similar in nature, varies in terms of degrees. Large cap funds are the least volatile, while small and midcap funds are the most volatile. However, small and midcap funds can outperform large cap funds in the long term. The risk return characteristics of diversified equity fund is somewhere between large cap funds and small/midcap funds. If you are able to understand the risk return characteristics of these three different equity fund categories, you can select the fund that is best suited to your needs. You can choose one or two funds for your SIP. Alternatively, you can discuss the different funds mentioned in these articles with your financial advisor and make the most suitable decision based on his or her advice.