Suggest me Mutual Fund SIP scheme for investing for the long term

Firstly you have made the correct decision to invest in mutual funds over a sufficiently long investment horizon through SIP. Over 40 year investment horizon you can create substantial wealth, if you invest regularly on a monthly basis. Since you plan to start with an SIP of Rs 5,000 you should invest in 1 or at most 2 equity funds. As and when you increase your investment amount you can add funds to your portfolio. You can choose between large cap, flexicap or midcap funds, depending on your risk appetite. Large cap funds have the lowest volatility among the three equity fund categories. Midcap funds have the highest volatility and flexicap is somewhere between large cap and midcap funds. Over a long investment horizon you should select consistent performers, because they tend outperform over a long investment horizon.

You can read about consistent performers in various categories by going to the links below:-

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