Get good MIPS and double the money on maturity in 15-20 years where should I invest my money (15lac around) with minimum risk?
It is difficult to quantify 'minimum risk'.
The least risk is in fixed deposits. If you consider mutual funds, then the least risk is in liquid funds. But if you have low-medium risk then you can consider debt funds or long term income funds as well.
However, you have mentioned about Mutual Fund MIPs, please note that these falls in moderate to moderately high risk category according to mutual fund Riskometer's definition, depending upon the total % of the equity portion that the particular MIP is investing in.
You may check the fund performance of different MIP schemes from here https://www.advisorkhoj.com/mutual-funds...
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