Should I move to other mutual fund schemes?

Should I move to other mutual fund schemes?

GettyImages-1071543042

I am investing Rs 2,000 via SIP in each of the following funds. 
ICICI Prudential Equity & Debt Fund – Direct Plan
L&T India Value Fund – Direct Plan
SBI Blue Chip Fund – Direct Plan
L&T Emerging Businesses Fund – Direct Plan
Axis Long Term Equity Fund – Direct Plan
My focus is on wealth creation in a time horizon of 5 years. I have accumulated Rs 70,000 in each in each of these funds over the past two years. What is your opinion on the portfolio? Let me know if I there are other funds that I should be considering moving to.
–Harsha TN

You are currently investing in an aggressive hybrid scheme, value-oriented scheme, large cap scheme, small cap scheme, and ELSS or tax saving mutual fund scheme (in the order you have listed them). Since you have not mentioned your risk profile, it will not be possible to comment about the suitability of your portfolio. However, you should not invest in pure equity schemes, especially small cap schemes, with an investment horizon of just five years. Small cap schemes are risky and volatile and only investors with a very high risk taking ability and longer investment horizon (seven to 10 years) should invest in them. You should invest even in large cap schemes and value-oriented schemes with an investment horizon of five to seven years.

You are investing good performers. You may continue with your investments in them.

[“source=economictimes.indiatimes”]