Is my mutual fund portfolio appropriate to create wealth in 15 years?

Is my mutual fund portfolio appropriate to create wealth in 15 years?

portfolioI am 35 years old. I have a medium risk appetite and want to create maximum wealth by investing Rs 20,000 per month for a period of 15 years. I also invest a lumpsum whenever I find an opportunity in the market.

I am investing in the following mutual funds:
HDFC Small Cap Fund: Rs 5,000

Kotak Standard Multicap Fund: Rs 5,000

L&T Midcap Fund: Rs 5,000

Aditya Birla Sun Life Equity Fund: Rs 5,000.

Do I have an appropriate portfolio or should I add more funds to achieve my target? 
–Prabhleen N Jasmeet Bindra

Puneet Oberoi, Founder, Excellent Investment Advisors, responds:

Your portfolio is very well diversified. You do not add too many funds to your existing portfolio. A lot of funds have common stocks which might result in overlapping. Just continue investing in the funds you already have.

Moreover, my suggestion regarding lumpsum investing would be that no one can time the market. So it is better to do a weekly STP from a liquid fund to an equity fund to reduce your risk of entering at higher levels in the market. It will average out your purchasing cost.

[“source=economictimes.indiatimes”]