Will these mutual funds help me to achieve Rs 5 crore in 20 years?

I have been investing Rs 5,000 per month each in the following mutual funds.

SBI Bluechip Fund
Axis Long Term Equity Fund
Canara Robeco Emerging Equities Fund
Kotak Emerging Equity Scheme
Kotak Standard Multicap Fund
Parag Parikh Long Term Equity Fund
SBI Small Cap Fund
Tata Equity PE Fund

My target is to achieve Rs 5 crore in 20 years. Do I need to change any scheme?
--Vɩsʜʌɭ SʜʌʀMʌ

Deepali Sen, Founder, Srujan Financial Advisors, responds:

You have chosen good funds. However, the exposure to mid and small cap is on the higher side. You should ensure that it does not exceed 18-20 per cent of the total portfolio value. You can reduce the SIPs in SBI Small Cap Fund and Kotak Emerging Equity Scheme by Rs 2,000 each and increase your SIPs by the same amount in Kotak Standard Multicap Fund and Parag Parikh Long Term Equity Fund.

If you continue to invest Rs 40,000 per month over the next 20 years (and not pull out the money invested in the interim period), at the rate of 13.71 per cent returns, you will be able to make Rs 5 crore. I would ask you to take a more realistic rate of 12 per cent returns for the calculation. With an assumed 12 per cent return, your corpus would be around Rs 3.95 crore after 20 years.