In which Fund should I start my SIP

Since your investment horizon is 20 years, diversified equity funds could be the best choice. You can invest Rs 2,000 each in any of the two diversified equity funds from the following list -

ICICI Prudential Value Discovery Fund, Birla Sun Life Equity Fund, Franklin India High Growth Companies Fund or Kotak Select Focus Fund.

With assumed rate of annual returns @ 12.5% you can expect a corpus of Rs 43 Lakhs after 20 years against your investment of Rs 9.60 Lakhs!

Happy investing in SIPs. Thanks for writing to Advisorkhoj.