What is the advise on SIPs for the long term

As you are young and can take high risk, investing in diversified equity funds SIP is the best option for you.

You can invest in any of the following two funds @ Rs 5,000 each.

ICICI Prudential Value Discovery Fund

Birla Sun Life Advantage Fund

SBI Magnum Multi-cap Fund

Kotak Select Focus Fund

Franklin India High Growth Companies Fund

After investing you should review your portfolio once every year to ensure that the funds are performing on the expected lines. You can increase your SIP amount anytime in future depending upon the monthly surpluses available.

Wishing you great investing success!