Sanjay, The funds r already suggested by dear sharmaji. Here is my additional input. Instead of SIP, go for STP from liquid funds to ur target Eq. funds within same AMC.
This way u may earn some extra return on the money lying idle in ur bank acct.
In this regard, I like to clear my one dilemma. I wish to invest in DSPBR Equity or Magnum Contra for next 10 years but could not make my mind which is the best between two.
There is one constraint - In fact I don`t want to add one more MF to my portfolio as currently SIP is going to the following Funds - all are Growth options.
HDFC Equity (Rs. 1000) , HDFC TOP 200 (Rs. 1300) , HSBC Equity (Rs. 1000), Reliance Vision (Rs. 1000) and Magnum Contra (Rs. 500) , Sundaram Select Focus (Rs. 500).
Dear arinshare, Plz. continue with Mag. contra. As u already hold a no. of funds so no need to add another new fund. In ur existing list u may drop HDFC Eq. & Rel. vision.
Detailed reasons i had already told u in personal mail.