It totally depends on your age & type of income.
If you are in early 20s or late 30s, 90% - 95% of saving allocation should be towards Equity -balance 5–10% as cash reserve for emergency. This can be done via MF or direct investing in Equity (provided you already have residential property to live).
Once you grow older, shift your allocation from Equity to Debt, this can be done via MF / other bank instructions.
Type of income:
Salaried income - like fixed, more allocation towards equity / MF less to debt to build wealth for long-term
Variable income (linked to economy’s performance) - contribution more towards Debt and less to equity.
Easiest thumb rule for investing in Debt & Equity = 100-age
if age is 25, 25% towards debt & 100–25=75% towards equity
You can then choose from a variety of different mutual fund houses. I'd suggest checking HDFC Mutual Fund products.
They have a great variety of products catering to different requirements. Also, HDFC
is a solid brand name in the industry with good and consistent results over the years.