Have I picked the right schemes?

I am planning to invest via fresh SIPs in:
Birla Sun Life Frontline Equity Fund
Mirae Asset Emerging Bluechip Fund
ICICI Prudential Balanced Advantage Fund
Franklin India Prima Plus Fund
Please advise on the schemes that I have picked up, considering the market is at an all-time high.
--Diwakar Rajendran

Apoorva Vora, Founder and CEO, Finolutions WealthCare LLP, responds:

SIPs are a mechanism to invest in markets through cycles. If an individual wants to invest, the most preferred mode of investment at high numeric value of the market is through SIPs. The funds on your list are fine and you can make a start. Just remember that ICICI Prudential Balanced Advantage Fund falls under the balanced fund category and you should not evaluate the performance numbers vis-a-vis other funds in the long run. It may not be an apple-to-apple comparison otherwise.