Will these mutual funds help me to create Rs 1 crore?

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I am 32 years old. I am investing in these mutual funds:
Mirae Asset Emerging Bluehip Fund – Direct: Rs.15,000 p.m.
Parag Parikh Long Term Equity Fund – Direct: Rs. 5,000 p.m.
SBI Gold Fund: Rs 7,000 p.m.

A lumpsum of Rs 1.2 lakh in Mirae Asset Tax Saver Fund, Rs 73,000 in Axis Focused 25 Fund, and Rs 1,000,00 in Axis Long Term Equity Fund, IDFC Government Securities Fund (constant) Rs 20,000 and around Rs 50,000 in other tax saving mutual funds.
As of now, I don't have any liability. I'm married and have a 13-month-old child. I want to create a corpus of Rs 1 crore. Could you please review my portfolio?
--Suyash Jain

Neeraj Chauhan, CEO, The Financial Mall, responds:

You can easily create a corpus of Rs 1 crore with the current contribution when your son turns 17 years old. I would suggest you do the maths for comprehensive goals like his UG/PG and your retirement or any other important goal for a broader view of your investments plan.
SBI Gold Fund-Growth ★★★★★
  • 16.69%Annualized Return for 3 year
  • >3 years Suggested Investment Horizon
  • 4.10 YearsTime taken to double money
  • 11.61%Annualized Return for 3 year
  • >3 years Suggested Investment Horizon
  • 4.6 YearsTime taken to double money

The current schemes are good to hold.

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