Can these mutual funds help me create Rs 3 crore in 15 years?

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I have been investing in the following mutual funds for one year:
SBI Small Cap Fund: Rs 3,000 per month
Reliance Small Cap Fund: Rs 1,000 per month
Kotak Standard Multicap Fund: Rs 2,000 per month
Aditya Birla Sun Life Equity Fund: Rs 2,000 per month
Mirae Asset Emerging Bluechip Fund: Rs 2,000 per month
SBI Bluechip Fund: Rs 2,000 per month

I am also investing Rs 4,000 per month in NPS and Rs 8,000 per month in PPF.
I have a horizon of 10 to 15 years.

My goals are:
Corpus for retirement: Rs 2 crore
Corpus for my daughter: Rs 50 lakh
Corpus for my son: Rs 50 lakh

I am 34 years old and I plan to retire at the age of 50.
--Amit Kumar

Rishabh Parakh, Founder, Money Plant Consultancy, responds:

Your overall combination of schemes in your portfolio is good. Looking at your age and financial goals, the amount you are investing through SIPs is not sufficient. Your current SIPs will not accumulate the required corpus of Rs 3 crore, assuming a 12 per cent return in equity and approx 8 per cent return in PPF and NPS. Your current investments can build a corpus of only Rs 1 crore. For the remaining Rs 2 crore, you can increase your SIP amount every year by 20 per cent and also increase your PPF and NPS amount by 15 per cent. You can also increase the total monthly SIP contribution to Rs 50,000 and continue to invest Rs 12,000 in NPS and PPF. You need to think through both the options and decide according to you risk appetite and capacity to invest under each option.
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