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Just save it in any multicap equity fund and it will contribute to a major portion of your retirement. At 15% annual return compounded annually, you will get 6.62Cr in 30 years i.e. when you get 55 years old.
I want to invest in 10 years cap or 15 years max. What's there need to get the money at 55 years of age
after you have emergency fund (fd) and health insurance, you can go for ppf, sip in index mutual fund, also for your parents you can invest in scss and lic vaya vandana yojana.
first get term insurance,of 3cr then health insurance and contact me if interested to invest in mutual funds for asset allocation@9302340643