Re: Investment dillemma.
DSP ML TIGER fund is a good fund with very good track record. Remember, it is dealing with equities. So it is directly related to stock marget in general.
Same is true with Reliance Diversified power sector. Such sectoral funds are good for portfolio diversification.
But out of these two, if you are just starting, I would suggest T.I.G.E.R
DSP ML World Gold fund invests 'only' in the stocks of companies that are involved into 'mining' of gold and other precious metals. This IMO, is not directly related to stock market in general. But there is a catch. When you sell it, you earnings are taxed (10%).
Gold is good way to diversify though