Which mutual fund schemes should I invest to create wealth in 12 years?

I am 22 years old. I want to start investing in mutual funds via an SIP of Rs 1,000 per month. My investment horizon is 10 to 12 years. My risk appetite is moderate to high. I have considered the following mutual fund schemes:

Kotak Standard Multicap Fund (G)
Aditya Birla Sun Life Focused Equity Fund (G)
Reliance Large Cap Fund (G)
ICICI Prudential Bluechip Fund (G)

Please suggest one of these scheme or any other mutual fund scheme that will help me to create wealth.

-- Sameer Karpe

Abhinav Attal, senior vice-president, Wealth Management Product, Ladderup Wealth Management, responds:

Starting to invest early is the best step towards securing a healthy retirement corpus and creating wealth. An investment horizon of 10 to 12 years is a good tenure for investing in equity mutual funds. I would recommend that you keep increasing the amount of SIP every year as your income grows.

The mutual fund schemes you have selected are good. I would recommend you to replace Aditya Birla Sun Life Focused Equity Fund with Aditya Birla Sun Life Frontline Equity Fund (a largecap fund). And you can replace Kotak Standard Multicap Fund with Kotak Emerging Equity Scheme, which is a midcap fund. This way your mutual fund portfolio will have three largecap and a midcap scheme.