Am I investing in right mutual funds?

I am trying to build a portfolio of equity mutual funds and I am planning to invest Rs 50,000 every month in five different mutual funds for the next 15 years. Please share your views on the composition of funds.

UTI Nifty 50 Index Fund
Kotak Emerging Equity Fund
Quant Small Cap Fund

Quant Active Fund
Parag Parikh Flexi Cap Fund

Should I drop the Quant Active Fund? I was to keep only one scheme from an AMC.
--Harsh Pratap Singh

You have not shared your risk profile. We believe it is extremely important to choose mutual funds based on your risk profile. Ignoring the risk profile often results in mismatch in expectation. Don’t assume your risk profile- take an online quiz to find out. Your assumed risk profile need not match your real risk profile. This is because your ability to take risk need not match your willingness to take risk.

You have selected a large cap index scheme, mid cap scheme, small cap scheme, multi cap fund, and flexi cap scheme. These schemes are meant for different risk profiles. And their return profiles are also different. For example, a large cap scheme is recommended to conservative equity investors. A flexi cap scheme is suitable for moderate investors. Multi cap, mid cap, and small cap schemes are recommended only to investors with a very high risk profile. They are not suitable for new investors who would find it difficult to deal with the volatility in these schemes.

Take an online quiz to assess your risk profile and choose schemes that match your risk profile.