Hi there! If you are a first time investor then I would suggest you to go with Systematic Investment Plan. SIP helps you to save your monthly income on a regular basis. After that, you can utilize the same amount into various schemes of mutual funds, understanding the expected returns, risk, assets allocation etc. If you invest on regular basis i.e. through SIP route, it will give you better returns in long term compared to investing lump sum amount in any mutual fund schemes. You can also checkout with Reliance Mutual Fund - Equity Opportunities (Growth) plan, SBI Magnum Global (Growth) and Franklin India Prima (Growth) and see which is the best option to go for as per you investment plan.