The best way of investing your money can be decided once you consider the following factors :
To invest in Mutual Fund , you can choose either of two:
i) ELSS or Equity Linked Savings Scheme- Locking period is 3 years. Indian Income Tax Section 80C allows upto ₹ 1,50,000 tax exempt investments to be made every year. For more details, refer ELSS
ii) Equity or debt funds -Equity funds have historically provided the highest rate of return but are also more volatile as they are market dependent. Although, equity funds can generate outstanding returns in a short span of time as well, but investors should ideally have a long term time frame to counter volatility. Debt mutual funds are are suitable for investors whose main objective is preservation of capital with stable return. In order to enjoy good returns you have to invest your money in equity market for a longer period of time and SIP is a good way to do it.For details on SIP you can refer What is SIP? What are the benefits of investing through SIP?
Diversify your funds to get good returns based on your risk appetite and period of investment and add a variety to your financial portfolio.
To choose best funds you can refer Top Rated Mutual Funds
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One can easily sign up by filling some online forms I was saved from the hassle of meeting the broker and having long discussions regarding the choice of investments. All I was required to do was to fill in my details and choose my investment plan. They sent me the pre-filled forms and had it picked up from my doorstep!
I hope it helps!!