Been investing in Sbi bluechip mutual fund since a year and have earned a return of 21%.
A year ago, a friend of mine(who is a stock analyst) suggested me to invest in mutual funds as there was huge potential of earning a return more than a fixed deposit, i was a FD kind of a person earlier, but taking a leap of faith and trusting my friend I invested Rs. 120000 in SIP mode. i.e. I saved 10000 from my salary every month and kept giving the installments of this fund for 1 year time frame.
120000 became 145800 i.e. a return of about 21%. much more than what I was getting in a fixed deposit(i.e. 8%)
Sbi mutual funds are really nice and safe for your investment guys, do have a look in the net.
and a piece of advice would be to invest in SIP mode. i.e. putting small amounts in mutual funds every month. it can be as low as Rs. 500.
thanks!