In 5 years I need 35 lakhs. How much money would I have to put in mutual funds to accumulate that amount?

Invest in a good balanced fund to achieve this goal through a monthly SIP of Rs 43,000. The assumes a 12% return The time period is only 5 years and hence the performance of equity funds cannot be guaranteed, though we know that over a 10 year period they will give the highest return.

Invest only through Direct Plan Mutual Funds, else broker commission of about 1.5% mean, that your SIP has to become Rs 44,500 to meet this goal.