Am I investing in the right mutual fund schemes?

I have been investing in the below mentioned mutual funds through SIP. Am I investing in the right schemes?
Kotak Standard Multicap Fund: Rs 1,000 per month
Franklin India Focused Equity Fund: Rs 3, 000 per month
ICICI Prudential Bluechip Fund: Rs 1, 000 per month
SBI Bluechip Fund: Rs 5,000 per month
Franklin India Equity Fund: Rs 1,000 per month
Axis Long Term Equity Fund: Rs 3,000 per month
ICICI Prudential Long Term Equity Fund: Rs 2,000 per month
ICICI Prudential Value Discovery Fund: Rs 1,000 per month
ICICI Prudential Multi Asset Fund: Rs 1,000 per month
--Pralij Gediya

Neeraj Chauhan, CEO, The Financial Mall, responds:

You have too many schemes in your mutual fund portfolio with various overlapping schemes. Too many schemes lead to overdiversification of the portfolio. It will impact the returns in the long run. No scheme can be right for every mutual fund investor. As you haven’t mentioned your goals, risk tolerance, and investment horizon, it is difficult to tell you whether you have selected the right schemes. You should strategise your investments as per your risk profile and goals.