Will my portfolio of 10 funds help me achieve my goals?

I have recently started investing in mutual funds via SIP. I am 31 years old and looking for good returns in the next 15 years. Presently, I have invested in a monthly SIP of Rs 1,000 in 10 different mutual fund schemes.
Here are my funds:
ICICI Prudential Long term equity fund (tax saving fund)
Kotak Gold Fund
Kotak Gilt Fund

Axis Mid cap Fund
HDFC Index Fund - Sensex Plan
HDFC Index Plan - Nifty 50 Plan
Mirae Asset Tax Saver Fund
HDFC Short Term Debt Fund
Axis Bluechip Fund
Parag Parikh Flexi Cap Fund
I am investing Rs 10,000 per month. Is my portfolio good?

--Raunak Sinha

Joydeep Sen, Corporate trainer and author, based out of Mumbai, responds:


The funds you have chosen are good. To be noted, the difference between one fund and another fund can be only so much; more important is the overall asset category allocation because that can make a bigger difference to your returns. You have 70% allocation to equity, 10% to gold and 20% to debt i.e. 10% in long maturity and 10% in short maturity. This is a good allocation. Since you have a long 15 years horizon, continue for 15 years. Only if there is a significant change, you may think of changing a fund.