Is my mutual fund portfolio in line with my risk profile?

I am 35 years old and have an aggressive risk appetite. I am currently investing Rs 21,000 per month in the following funds:
ICICI Prudential Bluechip Fund: Rs 3,000
HDFC Top 100: Rs 1,000
L&T Emerging Businesses: Rs 2,000
Reliance Small Cap Fund: Rs 2,000
HDFC Small Cap Fund: Rs 2,000
DSP Midcap Fund: Rs 3,000
IDFC Multicap Fund; Rs 2,000
Kotak Standard Multicap Fund: Rs 6,000
I have an investment horizon of 15-20 years and I am also considering increasing the SIP amount by 10% every year (starting 2020). I aim to create a corpus of Rs 6 crore and my queries are:

1- Please review my portfolio and suggest what corrections I need to make.
2- I think I am investing in too many funds, should I get rid of a few? If yes, please suggest.
3- I want to invest Rs 6,000 more from January 2019, which funds should I consider?
-- Shweta

Aggressive investors are typically asked to invest mostly in midcap and smallcap schemes. These schemes are considered risky and they have the potential to offer superior returns over a long period.

You are currently investing in two largecap schemes, three smallcap schemes, two multicap schemes and a midcap scheme. Around 38 per cent of your investment is in multicap schemes, 28 per cent in smallcap schemes, 19 per cent in largecap schemes, and 14 per cent in midcap schemes. Around 57 per cent of your investment is in multicap and largecap schemes; these schemes are meant for investors with conservative to moderate risk profile. As you can see, your investment allocation is not in line with your stated aggressive risk profile .


You may reassess your risk profile and verify whether you are fine with your current mutual fund portfolio. If you are not able to do this yourself, you may consider taking the help of a seasoned mutual fund advisor in your locality.