Retirement planning is a long term game. If planned properly it can lead to a very peaceful and enjoyable retired life. But it’s also one of the most overlooked things. Many people consider retirement planning as a secondary goal and postpone it for later. Suddenly when they cross 50, they wake up but by then it’s too late. There’s hardly any time left to build a sufficient corpus for retirement. So the earlier one starts the better.
I assume that your retirement is still at least 20 years in the future. Keeping that in mind it’s best to invest in equity funds for your retirement. ELSS funds perfectly fit the bill here. Not only do they offer returns like equity but they also provide you a tax relief under Sec 80C. Whatever amount you invest per year in ELSS funds can be claimed as a tax deduction.
If you want to know more about retirement planning, read my below article:
Retirement Planning | Huge benefits of starting early in your 20s