Is Rs 10K monthly MF enough to get Rs 1 cr in 10 yrs?

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Is it possible to invest Rs 5,000 each in two mutual funds, or Rs 10,000 in a single mutual fund, to build a corpus of Rs 1 crore in 10–12 years?

Ravi Kumar TV Co-founder, Gaining Ground Investment Services: Building a corpus of Rs 1 crore is not possible with Rs 10,000 per month. You would need either a much higher monthly SIP (around Rs 25,000–30,000 a month at 12-15% returns) or a longer horizon of 18 years. My suggestion would be to start with Rs 10,000 monthly and to step up your SIP every year by at least 15%. Whether you split it into two funds (Rs 5,000 each) or keep it in one (Rs 10,000), the outcome depends on fund quality, not the number of funds. Diversifying across two funds can reduce risk and enable you to participate in different investing styles across different market caps. More important than the exact split are consistency, choosing growth-oriented equity funds, and reviewing progress every few years. If markets deliver lower returns (say 12%), you may end up with about Rs 80-Rs 85 lakh instead of Rs 1 crore; so either increase contributions gradually or extend the horizon. Choose a good multi-cap or a flexi-cap fund that participates across sectors and captures the future potential of equities. The key is starting early, staying invested, and topping up whenever possible.

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I’ve been investing in mutual funds and stocks via SIPs and lump sum for several years, but haven’t tracked the invested corpus or its growth. For instance, I invested via an SIP in HDFC Flexi Cap from 2016 to 2020, then switched the corpus to Quant Small Cap with some top-ups. How can I track my total investment and current value as on 10 December 2024? Do I need to go through bank statements manually?

Vikash Jain Co-founder, Share Samadhan: You’ve been investing since 2016, so all your investments should be in elec tronic form. You can track these through the consolidated account statement (CAS), which is sent to your registered e-mail ID by your depository ( NSDL or CDSL). Additionally, you can create an ac count on the websites of mutual fund registrars and transfer agents (RTAs) using your mobile number and e-mail ID to view your investment and current values. The two main RTAs in India are CAMS and KFintech, which handle most mutual fund transactions. For stock investments, you’ll need to check the demat account through which you’ve been making purchases. Overall, CAS is the most comprehensive tool to track all your in vestments in one place

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