20 years is a long time and if you invest say around Rs. 1000 in mutual funds regularly by way of SIP considering the average rate of return even at 15% you will end up making more then 15 lakhs.
and if you invest say Rs 2500 every month for 30 years you will end up with a kitty of whopping 2 crores with an average return of 15%
This link will give you comparison about various ELSS Mutual funds schemes.
http://news.moneycontrol.com/mf/gain...=ab&option=eqt
1) SBI Magnum Taxgain is by the far way ahead of the rest in terms returns more then 700% returns in 5 years times. It has also given good dividends for past few years.
(Its promoted by SBI plus it has 5 star ratings)
2) SBI Magum Global fund, HDFC Top 200 fund and Reliance growth fund are other good funds
feel free to contact me on email
[email protected] for any suggestions of advise for financial planning.
Mutual Fund Advisor