Have I chosen the right mutual fund schemes?

I have invested Rs 20,000 per month in mutual funds via SIPs for three years in the following schemes:

Aditya Birla Sun Life Frontline Equity Fund (G)
HDFC Small Cap Fund - Regular (G)
ICICI Prudential Top 100 Fund (G)
UTI Equity Fund (G)

I am investing Rs 5,000 in each of these schemes. I am planning to invest for another two years, so total number of years of investment will be five years. Have I made the right allocation?

-- Khushi Banerjee

Rishabh Parakh, founder, Money Plant Consultancy, responds:

Your portfolio consists of largecap, multcap and smallcap schemes. Although the combinations is good to generate decent returns over a period of five years, you need to align it to your financial goals. You also need to do a risk profiling so that portfolio can be designed to as per your expected returns. Once that is done, you can change the mix of your portfolio and the funds by incorporating some better performing schemes like Mirae Asset India Equity Fund, SBI Magnum Multicap Fund, Kotak Standard Multicap Fund or L&T Midcap Fund.