A mutual fund portfolio for a moderate risk-taker

I am a moderate risk-taker and want to invest Rs 15,000 in the below schemes:

1. DSP BlackRock Tax Saver Fund: Rs 5,000
2. Aditya Birla Sun Life Tax Relief 96 Fund: Rs 3,000
3. Mirae Asset India Equity Fund: Rs 2,000
4. Kotak Select Focus Fund: Rs 3,000
5. Canara Robeco Emerging Equities Fund: Rs 1,000
6. HDFC Mid-Cap Opportunities Fund: Rs 1,000
Kindly review my portfolio.
--Mamta Pai

Puneet Oberoi, Founder, Excellent Investment Advisors, responds:

You have chosen two tax-saving schemes or ELSSs. These schemes help you to save taxes of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. Most ELSSs are multicap schemes. So, if you are investing to save taxes and if you have a moderate risk appetite, you may invest in these schemes.


You need to choose three-four different types of good schemes to diversify your portfolio. At the same time, investing in too many schemes will make your portfolio too cluttered. These are my suggestions:
1. DSP BlackRock Tax Saver Fund
2. Franklin India Smaller Companies Fund – Mid cap
3. ICICI Prudential Focused Bluechip Fund – Large Cap
4. Motilal Oswal Multicap 35 Fund– Multi Cap