Investing Rs 95,000 a month through mutual fund SIPs - Can it build a Rs 5 crore corpus in 15 years?

An investor's Rs 95,000 monthly SIP towards a Rs 5 crore goal appears on track, potentially reaching Rs 6 crore in 15 years with a 12% annual return. While the investment amount is robust, holding 16 mutual funds warrants a closer look at scheme overlap and diversification to ensure optimal returns and manage risk effectively.