Will I be able to create a corpus of Rs 1 crore in 15 years?

I am 26 years old. I started SIPs of Rs 12,000 recently in three mutual fund schemes: Kotak Standard Multicap Fund (direct, growth), ICICI Prudential Bluechip Fund (direct, growth), HDFC Mid Cap Opportunities Fund (direct, growth). My investment horizon is 15 years. My target corpus is Rs 1 crore in 15 years. Should I continue with these three funds or do I need to change?
-- Sachin Singh

Raghvendra Nath, MD, Ladderup Wealth Management, responds:

To achieve your goal of Rs 1 crore, you should increase your SIP amount to Rs 15,000 a month or increase the SIP amount by 5 per cent every year. The funds you have selected are good and I would recommend you to include HDFC Small Cap Fund to your portfolio for extra investments.