Best Equity Diversified Mutual Funds?

Dear All,

I am a first time investor in Mutual Funds. After going through Value Research online, I have selected the following funds for SIP (Rs. 14k pm).
Please tell whether my decision is correct:

Franklin India Prima (Growth) :: Rs.1000
Franklin India Prima (Dividend with Reinv) :: Rs.1000
HDFC Equity (Growth) :: Rs.1000
HDFC Equity (Dividend with Reinv):: Rs.1000
Magnum Contra (Growth) :: Rs.1000
Magnum Contra (Dividend with Reinv) :: Rs.1000
Magnum Global (Growth) :: Rs.1000
Magnum Global (Dividend with Reinv):: Rs. 1000
Reliance Growth (Growth) :: Rs.1000
Reliance Growth (Dividend with Reinv):: Rs. 1000
Reliance Vision (Growth) :: Rs.1000
Reliance Vision (Dividend with Reinv):: Rs. 1000
Sundaram BNP Select Midcap (Growth) :: Rs.1000
Sundaram BNP Select Midcap (Dividend with Reinv) :: Rs. 1000