Is my mutual fund portfolio good enough?

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Request you to help me with some advice on mutual fund investments. I have invested Rs 6 lakh in the below mentioned funds. Please tell me if my portfolio is good enough or do I need to make any changes?
ICICI Prudential Nifty Next 50 Index Fund(G)-Direct Plan
L&T Midcap Fund(G)-Direct Plan
Kotak Standard Multicap Fund(G)-Direct Plan
Axis Focused 25 Fund(G)-Direct Plan
Reliance Small Cap Fund(G)-Direct Plan
I am planning to invest more money in mutual funds. Should I look for some new funds or continue investing in the above schemes?
--Amit Goyal


Vivekh Pathak, Founder, Finance and You, responds:

You have not shared your complete details like your requirements (goals) for the investments, your risk appetite and the amount you are investing.

Your portfolio has a mix of most equity fund categories. It will help you to create an average return on the entire portfolio. However, you may not be able to generate returns matching your goals unless you have not defined the amount you need to achieve. Ideally, every financial goal needs to have a strategy, clearly defined over the period of investment.

I strongly recommend you to share your goals and understand your risk appetite from a certified financial planner, in-case you are unable to do it yourself. A CFP will help you write down your financial goals and from there, he/she can help you going forward with choosing the schemes, the right asset allocation and how to re-balance your goals.
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