How can I create Rs 1 crore in 10-12 years?

I can invest Rs 20,000 per month in mutual funds. I have invested Rs 5,000 as lumpsum in SBI Magnum Gilt Fund and have an SIP of Rs 5,000 and Rs 2,000 in Aditya Birla Sun life Tax Relief 96 (G) and DSP BlackRock Fund respectively since June 2017. Please suggest where to invest the rest of the amount. I want to create Rs 1 crore in 10-12 years as I need it for some treatment.
--Anuj Khandelwal

Puneet Oberoi, Certified Financial Planner, responds:


You need to invest at least Rs 30,000 per month to achieve your goal in 12 years. But if you can start an SIP of Rs 20,000 and increase it by 10 per cent every year, you can easily achieve your goal.
You can start your SIP in the following funds:
1. IDFC Sterling Equity Fund
2. Franklin India Smaller Companies Fund
3. Aditya Birla Sun Life Frontline Equity Fund
4. Kotak Select Focus Fund
Invest Rs 5,000 in each of them.