My mutual fund schemes are not giving good returns. Should I exit?

I am 24 years old. I am investing Rs 18,000 per month in mutual funds since last year. I don’t see any profit in my portfolio. Can you please suggest if I am investing in the right mutual fund schemes? Do I need to change my portfolio? My risk profile is moderately high and I am investing for a long term. I am investing in the following mutual fund schemes:

DSP BlackRock Small Cap Fund - Regular (G): Rs 3,000
Franklin India Smaller Companies Fund (G): Rs 3,000
ICICI Prudential Banking and Financial Services Fund (G): Rs 3,000
ICICI Prudential Equity & Debt Fund (G): Rs 3,000
Mirae Asset Emerging Bluechip Fund (G): Rs 3,000
Mirae Asset India Equity Fund - Regular (G): Rs 3,000

-- Kunal Patnaik

Shweta Jain, founder and CEO, Investography, responds:

You should invest in equity mutual fund schemes for a long term. You can see meaningful returns from your portfolio after a period of three to five years. It isn't fair to expect returns so soon.

You have six mutual fund schemes in your portfolio. You should not add more schemes to your portfolio. Also, your mutual fund portfolio seems to be biased towards smallcap and midcap schemes. Since you have a moderately high risk profile, it is fine. Don't panic when there is a correction in the market. You should continue with your investments and increase the monthly allocations whenever you can.