I want to invest in two mutual funds through SIPs. I want one of them to be a tax saving fund and the other to be an aggressive fund. Please suggest good funds to invest in.
You can invest in tax-saving mutual funds that come with a 3-year lock-in. It also has a tax free status on redemption after the stipulated lock-in. So, your redemptions do not attract any tax. You can consider investing in Fidelity Tax Advantage or Canara Robeco Equity Tax Saver.
As for an aggressive fund, the most aggressive funds are sector and thematic funds. However, you appear to be new to investing, in which case you should consider investing in a large-cap fund such as Franklin India Bluechip or DSPBR Top 100 Equity. Both these funds have a proven track record and performance history to safely invest in.