How much time will it take me to make Rs 5 crore ?

I am 41 years old. I have been investing in mutual funds since 2020. I have invested nearly Rs 55 lakh, which is nearly Rs 72 lakh now. I have invested in Axis Bluechip Fund, Axis Growth Opportunity fund, Axis Retirement Fund, Union Hybrid Fund, and Axis Quant Fund. Please tell me how long will it take to make Rs 5 crore?
---Rishi Vohra

Mutual funds do not guarantee any returns. The returns you will make is entirely dependent on the performance of your schemes. You can hope to get around 10-12% annual returns from equity schemes over a long period. If you are not making any investments, your current Rs 72 lakh will take around 17 years to reach Rs 5 crore. We have assumed that your investments will make an annual return of 12%.