Where should I invest to create Rs 50 Lakh in 20 years?

I want to create assets worth Rs 50 Lakh after 20 years. I am 23 years old. Where and how much should I invest to achieve my goal?
-- Harry Dahiya

Deepali Sen, Founder, Srujan Financial Advisors, responds:

You need to invest around Rs 5,000 per month for 20 years at an assumed compounded returns of 12 per cent per annum, to reach a corpus of Rs 50 lakh.

You could invest in funds like SBI magnum Multicap Fund, Aditya Birla Sun Life Advantage Fund and ICICI Prudential Focused Bluechip Fund