If a person invests ₹1 crore in direct stocks without reinvesting dividends, their portfolio would reach about ₹1.76 crore in five years at 12% compound annual growth rate, NDTV Profit reported citing CA Nitin Kaushik. He added that investing ₹1 crore in an index mutual fund offering the option of dividend reinvestment would reach around ₹1.8 crore in five years.