Should I change my mutual fund investments?

I am 33 years old. I have been investing in mutual funds since the last three years. Also, I have started investing in stocks on a regular basis. My SIP details are:
Tata Retirement Savings Moderate Fund: Rs 500
Parag Parikh Flexi Cap Fund: Rs 2,000
Axis Bluechip Fund: Rs 1,000
Axis Small cap Fund: Rs 1,000
I am planning to increase SIP's every year. My purpose is wealth creation. Should I make any changes?
--Siddhesh Joshi

We typically ask our readers to invest in mutual funds that matches their goals and risk profile. Since you have to shared your risk profile with us, we won’t be able to comment about your investments. Take an online quiz to fund out your risk profile. It will help you to ensure you are investing in schemes that are in line with your risk profile. For example, if you have a conservative risk profile, you should invest in a large cap scheme. if you have a moderate risk profile, you should invest in a flexi cap scheme.
Since you are investing a small amount of money, invest in a scheme that matches your risk profile. It is difficult to have a diversified portfolio when you are investing a modest amount. We believe you should invest in a consistent flexi cap scheme that can invest across market capitalisations and sectors.
You should invest in stocks directly only if you can pick stocks and monitor them regularly. The market is getting into a volatile phase. So, be very careful with your investments. Otherwise, you will lose money.