How many schemes can I invest via an SIP of Rs 1 lakh?

I am 33 years old. My wife and I want to invest Rs 1 lakh per month via SIPs. We have an investment horizon of 15 years and we can take risk. How many schemes should we invest in total and please suggest the schemes.
--Jigar Panchmia

You have a long-term investment horizon, so you can invest in equity schemes for superior returns over 15 years. You have not specified your risk profile. So, we will not be able to offer you a personalised advice. You can invest in four to six schemes. Too many schemes may make it difficult to track your mutual fund portfolio. Moreover, too many schemes can lead to over-diversification and can bring down your returns.

Here are our recommended equity mutual fund SIP portfolios. You may choose a suitable portfolio based on your risk profile and SIP amount.

Read: Best mutual funds to invest in 2018