Am I investing in the right ELSS mutual funds?

I am investing in the following ELSS mutual funds:
Axis Long Term Equity Fund: Rs 1,500 per month
Aditya Birla Sun Life Tax Relief 96: Rs 1,500 per month
Tata India Tax Savings Fund: Rs 1,500 per month
DSP Tax Saver Fund: Rs 3,000 per month
Franklin India Taxshield Fund: Rs 1,500

Please review my ELSS portfolio and suggest changes, if required.
-Avinash Nigam

Raghavendra Nath, Managing Director, Ladderup Wealth Management, responds:

You have invested in equity linked saving schemes (ELSSs). These schemes have a lock-in period of three years. Your investment in ELSS is eligible for tax deductions of up to Rs 1.5 lakh under section 80C. All the funds selected by you are well managed. But I would recommend you to consolidate your investments and shift your SIPs in Aditya Birla Sun Life Tax Relief 96 to Axis Long Term Equity Fund and DSP Tax Saver to Franklin India Taxshield Fund. With your current SIP amount of Rs 9,000, you should look to increase your SIP amount every year. If you invest via SIP for the next 20 years and increase your SIPs by 10 per cent every year, you can accumulate a corpus of around Rs 1.7 crore, assuming an annual return of 12 per cent.