I have just answered a similar question few minutes ago so below is the link where you can find my answer:
http://www.traderji.com/mutual-funds-discussion-forum/92579-banking-sector-funds.html#post949656
That’s a great feeling you have about investing in MFs. I will suggest you to check DBS Bank India’s mutual fund schemes as your invested capital is protected no matter what happens in the financial market.
I think a better way of getting the finance for your education is to acquire a gold loan and use that fund for you education purpose. So avail as much loan as possible from one particular bank and then the rest of the finance can be acquired through loan against your gold as in this there is no...
I gave my vote to the third option. So this says that I am still in the learning process and it now that I understanding the tricks and trade of the market..:)
Make trading as your additional means of income and not the only means of income. Trading is a very risky business similar to gambling, so you never no when your luck runs out and give heavy losses to you. So its best to make trading as one of your interests and stick to your regular job.