Bangalore: Planning to invest in mutual funds, but unable to decide where to invest your money in? Let's take a look at the week's top five mutual funds.

UTI Charitable and Religious Trusts – Growth

The objective of the scheme is to provide a good rate of income - minimum 12 percent, provided the conditions remain the same as at present. It is an open ended scheme. The date of initiation of this scheme is 1 October 1981. V Srivatsa and Amandeep Chopra are the fund managers of the scheme. The latest NAV as on 21 December 2011 is 174.19. The P/E ratio as on November 2011 is 18.45. The top stock picks are Shriram Transport Finance Company, Syndicate Bank, Indiabulls Financial Services, Housing Development Finance Corporation.

Templeton India Government Securities Fund - Composite Plan – Growth

This is a dedicated gilt scheme that aims to provide regular income with zero credit risk Investing 100 percent in Central and State government securities. It is an open eneded scheme. Umesh Sharma, Sachin Padwal-Desai are the fund managers of the scheme. The date of initiation of this scheme is 21 June 1999. The fund size as on 30 November 2011 is 103.78. The latest NAV as on 21 December 2011 is 35.38.

Templeton India Government Securities Fund- PF Plan – Growth

A dedicated gilt scheme aims to provide regular income with zero credit risk Investing 100 percent in Central and State government securities. It is an open ended scheme. Umesh Sharma, Sachin Padwal-Desai are the fund managers of the scheme. The date of initiation of this scheme is 7 May 2004.  The fund size of the scheme is 103.78 as on 30 November 2011. The latest NAV as on 21 December 2011 is 15.54.

Tata Gilt Mid Term Fund – Growth

The investment objective of the scheme is to provide reasonable returns and high liquidity to the Unitholders by investing predominantly in Government Securities having residual maturity upto 15 years. However, there can be no assurance that the investment objective of the scheme will be realized. It is an open ended scheme. The scheme was initiated on 24 June 2010. Murthy Nagarajan is the fund manager of the scheme. The latest NAV is 10.82 as on 21 December 2011.

ICICI Prudential Gilt Fund Investment Plan – Growth

The Scheme seeks to generate regular returns through investments made in Gilts. It is an open ended scheme whose fund manager is Avnish Jain. The scheme was initiated on 19 August 1999. The latest NAV scheme is 35.26 as on 21 December 2011.