Which diversified mutual fund in equity will be the best for my 6-month-old daughter for 20 years for Rs 1,000 per month SIP with taking high risk? What would be the amount after the same?

monthly, and a return of 15% you can end up with ₹ 15 lakhs plus.

Make sure you only invest in direct plan mutual funds ,else the return could be ₹ 12 lakhs with the ₹ 3 lakhs going to the distributor.

Consider a good multicap fund for your investment horizon. To exactly know what fund suits you, take this free risk profile here.

Here is a list of multicap mutual funds.