Have I invested in the right equity mutual funds?

I am 32 years old and fairly new to mutual funds. Below are my investments:
L&T Emerging Businesses Fund: Rs 3,000
IDFC Tax Advantage (ELSS) Fund: Rs 2,500
Motilal Oswal Multicap 35 Fund: Rs 3,000
SBI Small Cap Fund: Rs 5,000
Aditya Birla Sun Life Retirement Fund - The 30s Plan: Rs 5,000

I have a very aggressive risk profile and I do not mind losses in order to gain in the long term. Apart from ABSL Retirement Fund, all other funds have investment horizons of 10-15 years. ABSL Retirement Fund has a minimum investment horizon of 25 years.

I also have a home loan of Rs 25 lakh and I have some PPF and debt investment, but I do not put money in them as my focus is majorly on equity funds. My major goal is wealth creation.
Could you please review my profile and suggest what you think about it ?
--C.p. Dwivedi

Rishabh Parkah, Founder, Money Plant Consultancy, responds:

It is heartening to know that you are aware about the inherent risk involved with equity investments and understand the fact that real money can be made via equity investment which is one of the best asset class for creating wealth in the long run. You have an aggressive risk profile and a long term horizon. That enables you to take higher risk and aim for higher returns. Since you already have two small cap funds, I would advice you to add some good mid cap funds to your portfolio. You can look out to invest in Kotak Emerging Equity Fund or Axis Midcap Fund, which will help you build a good combination of small and mid cap funds suiting to your risk profile. This is one of the best time to gradually get in to mid and small cap space via SIP and STPs because both the sectors are greatly discounted over the last few years. You can either invest via SIPs or use the STP route if you are planning to invest a lumpsum amount. Your disciplined investment over the next few years in these schemes will help you to create the desired wealth.