Should I change my mutual funds because of Covid pandemic?

I have been investing in mutual funds through SIPs for the least 1.5 years. My risk profile is moderate .
Mirae Asset Emerging Bluechip Fund: Rs 3,500
Franklin India Prima Fund: Rs 3,000
Aditya Birla Sun Life Equity Fund: Rs 3,500
Mirae Asset India Equity Fund: Rs 4,000
Motilal Oswal Long Term Equity Fund: Rs 6,000
HDFC Hyrbid Equity Fund: Rs 6,000
Principal Hybrid Equity Fund: Rs 6,000
Sukanya Rs 5000/month
PPF: Rs 1,2500/month

My goals are:
Higher education of child: Rs 50 lakh after 18 years
Child's Marriage: Rs 85 lakh After 25 years
Home purchase: Rs 20 lakh after five years
Retirement: Rs 3 crore after 25 years

Please tell me whether I should make any changes to my investments, considering the present market condition due to Covid-19 .
--Sumant Routray

Ideally, a moderate equity investor should invest mostly in multi cap mutual funds. He or she can take a small exposure to large cap funds if s/he wants to reduce the overall risk in the portfolio. You should always choose your mutual funds based on your goals, investment horizon, and risk profile. You should never base your investment decisions based on the prevailing conditions in the market.

You are currently investing in large & mid cap scheme, mid cap scheme, large cap scheme, ELSS fund, and two aggressive hybrid funds. Large & mid cap schemes and mid cap schemes are not suitable for investors with a moderate risk appetite. These schemes are meant for investors with a little more risk appetite. Make sure that you are okay with the extra risk and volatility. It is not clear why you have chosen aggressive hybrid schemes. Is it to take care of your five-year goal? If so, it is okay. Otherwise, multi cap mutual funds schemes would have been a better choice. Also, you should note that the Mirae multi cap scheme has been recategorised as large cap mutual fund scheme after the re-categorisation exercise.

Three, it is not clear whether you have provided for annual inflation while calculating target corpus for future goals. It is extremely important. Otherwise, you would find that you need more money to achieve your goals after a decade or more. For example, assuming annual inflation of 8%, a current college course of Rs 50 lakh would cost around Rs 2.33 crore after 20 years.

You should also earmark mutual funds to take care of each goal. For example, you need to invest around Rs 6,500 per month in a multi cap mutual fund to create a corpus of Rs 50 lakh after 18 years. Similarly, you need to invest around Rs 24,000 per month to create Rs 20 lakh in five years. Note, we have assumed an annual return of 12% on investments for these calculations.