Check at the site icicidirect.com, there is a good guide for the biginners. Iwould suggest that you atsrt with a mutual fund and then after some experience change over to secondary market. Check at the various sites (google search on Mutual Fund India) and go to your nearest Mutual fund office and take a briefing. Most of the Mutual funds have one or two real good performing funds...before investing, convince yourself. Some of the good Mutual Fund companies are DSPML, Sundaram Peribas, Prudential ICICI, Kotak Mahindra, HSBC etc