Puneet Oberoi, Founder, Excellent Investment Advisors, responds:
You are investing Rs 20,000 per month in mutual funds, out of which Rs 15,000 is in equity and Rs 5,000 in a debt scheme.
With your equity investments of Rs 15,000, you would be able to build a corpus of Rs 34.5 lakh after 10 years, assuming an annual return of 12%.
That is a total corpus of around Rs 43.5 lakh.
To create the additional Rs 57 lakh, you need to increase your monthly SIP amount to at least Rs 40,000 in equity mutual funds to achieve your goal of Rs 1 crore in 10 years .