Do I need to make changes to my mutual fund portfolio?

I am 26 years old and I have a moderate risk appetite. I want to invest for 15 to 20 years to create wealth. I am currently investing in the following funds:

• Mirae Asset Large Cap Fund: Rs 2,600 per month
  
• Parag Parikh Flexi Cap Fund: Rs 2,500 per month
  
• Mirae Asset Emerging Bluechip Fund: Rs 1,500 per month
  
• Motilal Oswal Nifty Midcap Index Fund: Rs 1,300 per month
  
• HDFC Gold Fund: Rs 2,000 per month
  
• Motilal Oswal Nasdaq 100 FOF: Rs 1,800 per month
  
• Edelweiss Greater China Equity Off-shore Fund: Rs 1,400 per month
  

Do I need to make any changes to my portfolio?
--- Naren Saini

Harshad Chetanwala, Co-Founder of MyWealthGrowth, a financial planning firm, based in Mumbai, responds:

Your current portfolio has good funds. Your long-term investment horizon will serve you well. You have even tried to diversify the investment across different market capitalizations and geography. The present allocation towards international funds is 25%, it is better to restrict the allocation in future to around 10-15% of overall investment. You can do this by adding your future SIPs in India-oriented funds.

The allocation in gold too is around 15% and you may like to keep it around 10% in future. Rest looks good, you can keep increasing your SIP amount every year which will help you with your wealth creation goal.