Investment in MIP MF

Dear Sreekanth Good evening I read your article on best MIPs and you opined that Birla Sunlife MIP II Wealth 25 Plan is good to invest, ofcourse with associated risk. I was debating to invest a lumpsum of 2 or 3 L into this. Can you, when time permits, please give your valued opinion to choose between  this and canrobeco. My goal is to look for a better alternate to Bank FDs in view of lower interest rates. Thanks in advance Reddy, AVR