Portfolio review – My MF Investments

Dear Shree, Please could you help me review my investment portfolio and provide your valuable suggestions and let me know for any corrections required anywhere? I am 26 years old IT professional with ~50k monthly salary. My goal is to accumulate 5 Crores for an early retirement in next 15-17 years. I have been investing in equity mutual funds since last 2 years (started with very little, Rs. 1000 per month and then increased significantly) and have zeroed in on the portfolio enumerated below. Have accumulated around 7 lakhs so far. I’m planning to increase the investments by 10-15% every year. Apart from below SIP’s, I have also invested in an ELSS fund (Axis Long Term) via lump sum to save tax. Have formed a contingency fund using ICICI & Axis liquid mutual funds. Have bought a term insurance of worth 1 Crores since last two years. Have got health insurance policy of Rs. 2.5 lakhs from the organization and I have personally bought a top-up cover worth 3 lakhs. MF Portfolio is as follows – (Have invested in all the SIP’s through DIRECT mode using Mutual Fund Utility) 1) Birla Sun Life Frontline Equity Fund – Large Cap – 3k/month 2) Mirae Asset Emerging Bluechip Fund – Mid Cap Fund – 4k/month 3) Franklin India smaller companies Fund – Small Cap – 7k/month 4) ICICI Prudential Value Discovery Fund – Multi Cap – 5k/month 5) HDFC Balanced Fund – Hybrid Equity-oriented Agressive – 5k/month 6) Birla Sun Life Monthly Income Plan || – Wealth 25 Plan – Hybrid – Debt-oriented Agressive – 4k/month