Is my portfolio overdiversified?

I am a 33-year-old doctor. I am investing Rs 18,500 per month via SIP in mutual funds for the last one year. I have a 15-year investment plan. My schemes are:
SBI Bluechip Fund: Rs 4,000
Mirae Asset???: Rs 4,000
Principal Emerging Bluechip Fund: Rs 2,000
Reliance Small Cap Fund: Rs 2,000
Kotak Select Focus Fund: Rs 3,000
DSP BlackRock Micro Cap Fund: Rs 500
Reliance Tax Saver Fund: Rs 2,000
SBI Magnum Midcap Fund: Rs 1,000

I have invested Rs 2,21,000 and its current value is Rs 2,80,000.
Also note, that Reliance Tax Saver is 465 days old and I had also sold all units of ICICI Pru Exports and Other Services Fund.
Is my portfolio overdiversified? What amount can I expect after 15 years?
-- Pritam Chatterjee

Shweta Jain, CFP, Founder and CEO- Investography, responds:

If you continue investing Rs 18,500 per month, you could get to Rs 1 crore, assuming a rate of return of 12 per cent per annum.
There are too many schemes, Mirae- the scheme name is not mentioned. You could continue or increase investment in Kotak Select Focus and SBI Magnum Midcap. You are investing a very small amount in DSPBR Micro Cap Fund. You may could discontinue it. You could stop investing in Principal Emerging Bluechip Fund and invest the money in SBI Magnum Midcap Fund. Instead of Reliance Tax Saver, you could look at Kotak or DSP BR Tax Saver fund. ELSS schemes have a three-year lock-in period from the date of investment. Fewer schemes are easier to manage. You should also look at your goals and whether what you are saving is enough.