The best, safe mutual funds to invest for 15 years

I am 29 years old. I want to start an SIP of Rs 20,000 in mutual funds for a period of 12 to 15 years. Please suggest me the best and safe mutual funds? My target is to create Rs 1 crore plus.
--Puneet Sharma

Pankaaj Maalde, a certified financial planner, responds:

You have taken a right decision to invest in equity through mutual funds. Equity comes under high-risk, high-return category and requires a long term time horizon which you have. Assuming a return of 12 per cent, you will be able to achieve your target of Rs 1 crore if you invest Rs 20,000 every month for 15 years.


I will advise you to invest in multi cap fund which invests across all market caps. Invest in growth option and avoid investing in dividend option. Yearly review is also important in equity investments.

You can consider investing in the following funds: Aditya Birla Sun Life Equity Fund, Kotak Standard Multicap Fund, SBI Magnum Multicap Fund, and Franklin India Equity Fund.