When will I be able to build a corpus of Rs 5 crore?

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I have been investing through SIP for the long run. Tell me when can I achieve a good corpus, beating inflation. For example, a corpus of Rs 5 crore. I plan to add some more schemes. Please suggest other MFs.
Axis Index Fund: Rs 2000 + 5% half yearly
Axis Bluechip Fund: Rs 3,000 + 10% half yearly
ABSL Multi Fund: Rs 3000 + 10% half yearly
Mirae Asset Tax Saver Fund: Rs 2,000 + 10% half yearly
MOSFL MSCI EAFE: Rs 1,250 + 15% half yearly
--Srini Vas


Assuming an average annual return of 12%, you would be able to create a corpus of Rs 5 crore by investing Rs 50,000 every month for the next 20 years. Since you have not shared your personal or financial details with us, it is not possible to offer a personalised solution for you.

You are currently investing in a little over Rs 10,000. You also say you are planning to invest more in the future. However, it’s not clear how you have decided on your investment allocation. We always ask investors to choose mutual funds based on their risk profile. Since you are investing for a long period and if you have a conservative risk profile, you should invest in large cap mutual funds. If you have a moderate risk profile, you should invest in flexi cap mutual funds. It is difficult to achieve diversification and maximise wealth when you are investing a modest amount. Invest in one or two schemes, and add more schemes when you start investing more money.


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