How good is my mutual fund portfolio?

I am 33 years old. I am single. I have been investing my disposable income of Rs 13,000 per month via SIP since September 2018, to create my retirement corpus. I am investing Rs 6,000 in Axis Long Term Equity Fund and Rs 4,000 in Invesco India Mid Cap Fund. I am planning to invest the remaining Rs 3,000 per month in HDFC Mutual Fund. Please comment on my portfolio. I am ready to take high risk.
--Sriganesh

Gaurav Monga, Director, PxG Consultants:

Since you are investing for your long-term goal of retirement, equity is the right asset class to invest. Both the funds selected by you are good. Axis Long Term Equity Fund is a tax-saving scheme and Invesco India Mid Cap Fund is a mid cap scheme. If tax saving is the requirement, then you should continue with Axis Long Term Equity Fund. Otherwise, you can shift to a multi cap scheme. For the additional investment, selecting a scheme on the basis of merit is important than selecting a specific fund house. You can start the SIP in a multi cap category equity fund like Kotak Standard Multicap Fund, SBI Magnum Multicap Fund, and HDFC Equity Fund.