For periods of 15 years or more, I would opt for 90-100% to equity. In that sense, you have a conservative approach.
I dont think it is too agreesive. Given your age, I dont think you need to invest in both HDFC Prudence and UTI Mahila. Both of these are balanced funds – Prudence is tilted towards equity (40-75% in equity) while Mahila is tilted towards debt (upto 30% in equity).
Also, instead of Reliance Growth, I would go for Reliance Regular Savings Equity fund which is a multi-cap fund.
Do you think our portfolio is very aggressive?
If i have to remove one fund from the above list, which one it should be?.
The fund selection appears to be good. However, if you are trying to maximising your growth, adding more debt component is probably not the right idea.
You should continue to have a periodic review (quarterly or half-yearly) about the asset allocation. If you are savvy enough to have a dynamic asset allocation strategy, you can go ahead with a 60-90 equity and rest debt component. Otherwise, a disciplined static 70:30 or 80:20 equity:debt allocation is also good.
Remember, do not try to chase returns by frequent chopping and changing your funds.
All in growth option. Plan is to continue for atleast 15 years.
We also invest in PPF each month regularly.
Is my portfolio O.K? Is any change necessary?