My STRONG suggestion is to invest in FIXED DEPOSITS with Banks whoever gives better rate of interest in the market. Do not fall pray to the Mutual Fund Investment. Tomorrow, you will have to regret for the decision of investing your VR amount. If you are still inclined, go for a smaller amount with least lock-in period and watch its growth, so that you can reconsider your decision. Even then also consider MF Managers like SBI or LIC only and nor private players.