Will I be able to create Rs 51 crore with these schemes?

I am 25 years old and I have an aggressive risk profile. I am investing a monthly amount of Rs 50,000 in the following schemes for a time horizon of 45 years with a target corpus of 51 crores. Kindly suggest me if I should increase my investment amount or change any scheme.
L&T Emerging Business Fund: Rs 10,000
Reliance Small Cap Fund: Rs 10,000
L&T Mid Cap Fund: Rs 10,000
Mirae Asset Emerging Blue Chip Fund: Rs 10,000
Axis Blue Chip Fund : Rs 10,000
--Rishabh Malik

Puneet Oberoi, CFP and Director, Excellent Investment Advisroz, responds:

L&T Mid Cap & Emerging Businesses Fund have almost 25 per cent stocks in common. Axis and Mirae have 22 per cent stocks in common. Its still okay in case of Axis and Mirae, as the stocks are majorly largecaps like HDFC Bank, ICICI bank , Kotak Mahindra Bank, Reliance Industries, Maruti Suzuki, Dabur India, Mahindra & Mahindra etc.


But in case of L&T, its majorly in small & mid cap stocks in which if your exposure increases it might create bigger dent on returns . My suggestions is to sell the L&T Emerging Business and continue with the rest.