Which fund should I invest to get 2 Crores for my retirement after 30 years

Good to hear that you are planning for your retirement at an early age. Investment in different category of equity mutual funds will depend on your risk appetite. Let us see some examples -

If your risk profile is moderately high, you can go with large cap funds. SBI Bluechip Fund, Birla Sun Life Frontline Equity Fund and Kotak Select Focus Fund could be good choices in this category.

In case you can tolerate high risk, then diversified equity funds could be good choice. Birla Sun Life Advantage Fund, SBI Magnum Multi-Cap Fund, Mirae Asset India Opportunities Fund and DSP BlackRock Opportunities Fund can be considered.

Again, if you can take very high risk then Mid & small cap category funds will be the ideal choice for long term investing. Mirae Asset Emerging Bluechip Fund, Canara Robeco Emerging Equities and SBI magnum Midcap Fund can be a good investment option.

Therefore before starting your SIPs, assess your risk profile and then choose 2-3 funds from the above selection and invest.

Investing in ELSS funds can only be suggested if you want to save taxes too on your investments. ELSS Funds are diversified equity funds and you can invest Rs 150,000 in a year to save taxes under Section 80C of the Income Tax Act 1961. Birla Sun Life Tax Relief 96 Fund and DSP BlackRock Tax Saver fund is good choice in this category.

Now coming back to your goal of Rs 2 Crores after 30 years, please note that investing Rs 5,000 monthly is not enough. With Rs 5,000 monthly investment you can create a corpus of only Rs 1.76 Crores (based on assumption of 12% annual returns). Please check this https://www.advisorkhoj.com/tools-and-calculators...

You need to invest Rs 6,200 per month through monthly SIPs in equity mutual funds in order to reach the goal of Rs 2 Crores after 30 years! Please check this https://www.advisorkhoj.com/tools-and-calculators... (based on assumption of 12% annual returns). Therefore, increase your SIP by Rs 1,200 per month in order to achieve the above goal.

Hope you find the above suggestions helpful. Thanks for writing to Advisorkhoj.