What about best SIP plans now for 5 years

You can invest in equity mutual funds for 5 years.

However, there are many a categories in equity mutual funds and selection of funds from those should be based on your risk profile. There are mainly 3 categories of equity funds in which you can start SIPs - Large cap funds, diversified equity funds and mid & small cap funds.

If your risk profile is moderately high, you can go with large cap funds. To create a best SIP plan with large cap funds, SBI Bluechip Fund, Birla Sun Life Frontline Equity Fund and Kotak Select Focus Fund could be good choices.

In case you can tolerate high risk, then diversified equity funds or mid & small cap fund could be good choice. For creating a best SIP plan out of diversified equity funds, Birla Sun Life Advantage Fund, SBI Magnum Multi-Cap Fund, Mirae Asset India Opportunities Fund and DSP BlackRock Opportunities Fund can be considered.

From Mid & small cap category, Mirae Asset Emerging Bluechip Fund (this scheme accepts only SIPs), Canara Robeco Emerging Equities and SBI magnum Midcap Fund can be a part of your best SIP plans.

Hope with above suggestions you can create a best SIP plan for next 5 years for you by choosing a few schemes from the above selections.

Wishing you great investing success and thanks for writing to Advisorkhoj.