Should I change my mutual fund portfolio?

I have been investing in mutual funds for almost three years. My goal is to create a corpus of Rs 50 lakh when I am 35 years old. I am 23 years old now. I have a high risk appetite. Please analyse my portfolio and suggest changes if need be.
1. IDFC Multicap Growth Fund. Investing Rs 2500 per month.
2. Reliance Small Cap Fund. Investing Rs 1000 per month.
3. L&T Midcap Fund. Investing Rs 1000 a month.
4. HDFC Hybrid Equity Fund. Investing Rs 1000 a month.
Please note all are direct plans.
-- Raunak Rajpal

You are currently investing in a multicap scheme, smallcap scheme, midcap scheme, and an aggressive hybrid scheme. You are investing mostly in multicap and hybrid scheme. As per your risk profile, you should be investing mostly in midcap and smallcap schemes, and a small percent of your corpus in multicap scheme if you want to diversify your portfolio and reduce the overall risk in it. Also, since you have an investment horizon of 12 years and an aggressive risk profile, you can stop investing in the aggressive hybrid scheme, and start investing in a midcap or smallcap scheme. You should keep a watch on IDFC Multi Cap Fund as the scheme has been struggling in three-year period.