I saving is Rs.5,000 per month. Please say good retirement Plan?

Assuming your expenses now is Rs. 30,000 per month. At 6 % inflation, 24 years from now (2039), you need about Rs.1.25 lacs per month. This works out to Rs.15 lacs per month.
Assuming you would earn 8% return on investment then, you need a corpus of Rs.1.90 crores in 2039. To have Rs.1.90 crores in 2039, you need to save about Rs.5,000 per month in equity funds. I have assumed an annualised return of 18% and advice you to use the five equity mutual funds for this purpose as well.
The Five schemes are
1. Birla Sunlife Frontline Equity Fund.
2. Franklin India Prima Plus
3. L & T Equity fund
4. HDFC Mid cap Opportunities and
  1. ICICI Pru Value Discovery Fund / IDBI Diversified Equity Fund - Regular Plan
You may need income tax savings to go ELSS Funds
FundRatingCategoryLaunchExpense
Ratio (%)
SinceLaunch
Return (%)
Net Assets (Cr)
IDBI Equity Advantage Fund - Regular PlanUnrated Sep-20132.8057.53312
HDFC Taxsaver Fund Mar-19962.2629.305,032
Birla Sun Life Tax Relief 96 Mar-19962.3227.722,013
Franklin India Taxshield Fund Apr-19992.4226.421,722
Union KBC Tax Saver Fund Dec-20112.9725.6082
IDFC Tax Advantage (ELSS) Fund - Regular Plan Dec-20082.8525.03340
HDFC Long Term Advantage Fund Jan-20012.5125.021,187
BOI AXA Tax Advantage Fund - Regular Plan Feb-20092.8624.6850
Sahara Tax Gain Fund Apr-19972.8524.3711
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