Is my mutual fund portfolio in line with my risk profile?

I have been investing in the following mutual funds through monthly SIPs since the last 1.5 years (all regular, growth):

DSP BlackRock Small Cap Fund: Rs 2,000
Reliance Small Cap Fund: Rs 2,000
ICICI Prudential Value Discovery Fund: Rs 3,000
ICICI Prudential Equity & Debt Fund: Rs 5,000
HDFC Balanced Fund: Rs 5,000
Aditya Birla Sun Life Advantage Fund: Rs 3,000
Franklin India High Growth Companies Fund: Rs 5,000

I am 32 years old and can continue to invest for more than 20 years. My goal is to create a retirement corpus. I consider myself a moderate to high risk-taker. I plan to increase my SIPs by 10 per cent every year. Can you tell me if my portfolio is good enough for me, based on my risk profile? Or should I make some changes to it?
--Ankur Jain

Raghvendra Nath, Managing Director, Ladderup Wealth Management, responds:

I would suggest that you to make systematic investment plans (SIPs) only in equity funds and not in balanced funds. As you are young, the fixed income portion of your portfolio should be small and primarily meant for taking care of liquidity needs.

I would recommend that you shift your investments in balanced funds to largecap funds of the respective fund houses.