HotKey is a utility (written in AutoIT) for automating common Windows tasks at the "touch of a button" by allowing users to set keyboard shortcuts for functions related to window management, folder and file creation, directory navigation, and much more!
i am using this software, it is excellent. just add key combinations. like i added ALT+F1 to open My documents folder, you have to give only path name to open or file name you want to open. i will translate it in 3 indian languages.