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Market conditions and Suggestions on SIP ?

Hi,

I am planning to invest on SIP. But I am not sure, if the market is in favorable condition for me. Can you please help me in this regard?

I request your help in getting the following questions answered :

  1. Is this the right time to begin SIP? as the market is in good condition and fund values are already at their peak values.
  2. Any market correction expected in very near future? so that, the impact on investing with  SIP would be less.
  3. Best funds to be targeted for SIP. I am looking for good returns some time in 3-4 years.
  4. Which is the best online portal to begin SIP? (I have demat account in Sharekhan).
  5. Are the returns from SIP investment are tax free?

Thanks in advance,

Dinesh

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