Can I invest in Mirae Asset Emerging Bluechip Fund for my retirement?

I am 29 years old. My financial condition is:
Provident Fund: Rs 4.5 lakh corpus and Rs 9,500 pm
Insurance: Rs 8,000 pm
Home loan: Rs 28,000 pm (15 years left)
Car loan: Rs 13,500 pm (5 years left)

I want to invest in mutual funds and build a big corpus by the age of 55 years when I plan to retire.

I am willing to take appropriate risk which gives me good return . Please suggest good mutual funds to invest if I start with an incremental SIP of Rs 10,000 per month, increasing every year by 10 percent. Can Mirae Emerging Bluechip Fund be one of the investments?
-- Sandeep Dutta

Shweta Jain, founder, Investography, responds:

I am happy you are thinking of investing for the long term. Just ensure that you stick to investing every month (match your SIP with your PF contribution if not more for retirement) and increase it every year when you get a salary increase. I would recommend two funds for you: Mirae Asset Emerging Bluechip Fund
(Rs 5,000) and ICICI Prudential Nifty Next 50 Index Fund (Rs 5,000). Apart from this, do ensure you have a liquid fund for emergencies (three to six months' living expenses).