Can I make Rs 1 crore with these mutual fund schemes?

I am 28 years old. My target is to make Rs 1 crore by the time I am 45 years old. My risk profile is moderately high. I am investing Rs 12,500 in these mutual funds:
HDFC Taxsaver Fund - Regular (G): Rs 5,000
SBI Bluechip Fund - Direct (G): Rs 3,500
DSP BlackRock Natural Resources and New Energy Fund - Direct (G): Rs 3,500
Aditya Birla Sun Life Top 100 Fund - Direct (G): Rs 1,500
Franklin Asian Equity Fund - Direct (G): Rs 500

I am also planning to stop my SIP in HDFC Taxsaver Fund and to start investing in Axis Long Term Equity Fund (same amount).

I am also planning to add another Rs 2,500 to my SIPs (I am thinking of investing it in smallcap, midcap or diversified equity funds, as I am already investing in SBI Bluechip Fund and Aditya Birla Sun Life Top 100 Fund).
My shortlisted schemes are L&T Emerging Businesses Fund or Aditya Birla Sun Life Advantage Fund.

Can you let me know if these schemes are fine? Am I on the right track or
do I need to stop my existing SIPs and start new ones?
-- Ram Kumar

Shifali Satsangee, Founder, Funds Vee’da, responds:

Your goal of Rs 1 crore is achievable. Assuming an annual return of 12 per cent, you need to invest Rs 15,000 per month for 17 years. If you want to exit HDFC Taxsaver and invest in another ELSS, you could choose between IDFC Tax Advantage or Aditya Birla Sun Life Tax Relief 96 Fund. You could also invest in a multicap fund like Tata Equity P/E Fund and a smallcap fund like SBI Small Cap Fund or Reliance Small Cap Fund.