Manish,
First of all I want to thank you for the wonderful job that you are doing, it helps people like me to understand finance better.
Now I have read a lot that equity is better than any other type of investment (over the long term) which I agree with, what I want to check is – Is a NRE deposit where I get a fixed 9% return better or investing in a SIP better where in albeit the returns be better but the risk involved is higher as well.