How to divide Rs 25,000 among various mutual funds?

I have recently started investing in mutual funds. I have invested in the following mutual fund schemes:

L&T Emerging Businesses Fund: Rs 9,000
Tata India Consumer Fund: Rs 9,000
Tata Digital India Fund: Rs 5,000
BOI AXA Tax Advantage Fund: Rs 10,000
Aditya Birla Sun Life Tax Relief 96: Rs 10,000
IDFC Focused Equity Fund: Rs 5,000
Motilal Oswal Most Focused Long Term Fund: Rs 5,000

My investment horizon is 15 years and my objective is wealth generation. I have an aggressive risk profile and I am planning to invest Rs 25,000 per month. Is my investment pattern in line with my objective? How should I divide Rs 25,000 per month between the mutual fund schemes?

-- Ankur Sagtani

Gaurav Monga, a Certified Financial Planner, responds:

You have seven mutual fund schemes in your portfolio. Ideally, a mutual fund portfolio should have a maximum of four to five schemes. Also, you have added a couple of theme-based schemes in your portfolio. You should avoid sectoral/thematic schemes as they are highly risky.

You can allocate your monthly investment of Rs 25,000 in the following manner:


Multicap scheme:
Kotak Standard Multicap Fund : Rs 8,000
IDFC Focused Equity Fund : Rs 7,000

Smallcap scheme:
L&T Emerging Businesses Fund : Rs 5,000

ELSS:
Aditya Birla Sun Life Tax Relief 96 Fund : Rs 5,000 (You can invest an amount that is required for tax-saving under Section 80C)