Am I investing in right schemes?

I am 32 years old. I want to invest for more than 10 years via SIPs. I can invest Rs 6,000 to 8,000 per month. Please review my investments in various mutual funds. I am currently investing in:
1. SBI Bluechip Fund: Rs 500 per month since March, 2016
2. DSP BlackRock Micro Cap Fund: a lumpsum of Rs 5,000 in February 2017, also have an SIP of Rs 500 running since March 2017
3. Kotak Select Focus Fund: Rs 500 via monthly SIP since March 2017
I also have four ELSSs for tax saving since April 2017 (Rs 500 each). The ELSSs I am investing in are:
1. DSP BlackRock Tax Saver
2. Reliance Tax Saver
3. Axis Long Term Equity Fund
4. BSL Tax Relief 96
Kindly review and suggest more options and funds for investment.
--Gobind Chandra Ghadai

Apoorva Vora, Founder & CEO, Finolutions WealthCare, responds:

Firstly, for the kind of monthly commitments you have made, you have over-diversified your fund portfolio. You should do a more detailed review of the portfolio, post the completion of three years for your ELSS schemes. You may make fresh allocations to SBI Bluechip Fund and Kotak Select Focus. At best, you may consider an actively managed multicap fund, either Axis Focused 25 Fund or Motilal Oswal MOSt Focused Multicap 35 Fund.

(If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.)