Can I continue to invest in these mutual funds?

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I am a regular investor in mutual funds through SIP. Kindly guide me in asset allocation/ reshaping. My current sip investments are in the following funds:
Franklin India Bluechip Fund
HDFC TOP 100 Fund
Kotak Bluechip Fund
UTI Value Opportunities Fund
Nippon India Growth Fund
Mirae Asset Emerging Bluechip Fund
ICICI Prudential Banking and Financial Services Fund
SBI Pharma Fund
Franklin India Feeder Franklin US Opportunities Fund
Are these funds good to continue or should I shift it to other funds? Whether SBI Small Cap Fund a good option? My investment horizon is five to six years and my risk profile is high. My objective is to have a good corpus.
--Devendra Talvadekar


We recommend investing in equity mutual funds only if you have at least seven years. You should have a longer investment horizon if you are investing in risky options like mid cap, small cap, sector schemes/, etc.

You are investing in too many schemes. You have not shared how much you are investing in these schemes. However, you should remember that investing small amounts in too many schemes won't help you to maximise returns or achieve meaningful diversification. It often results in over-diversification or duplication of portfolio. If you are not clear about basic concepts, you should seek the help of a mutual fund advisor or financial planner. Find out your risk profile by taking an online quiz and make sure all your investments are in line with it.

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