What are the best mutual fund options to invest a minimum of 500 Rs per month for 20 years? This is for my niece and she’s 2 years old.

It is a great idea to invest for long term for a child. Mutual funds are much better than other avenues for long term growth.

Investing Rs 500 per month over 20 years will fetch you 7.6 lakhs.

However, make sure you invest in Direct Plan Mutual Funds else the commission drain over time will end up losing you about 1.5 lakhs.

Here are some funds for long term growth.