Is my portfolio good?

I am a 32-year-old professional. My MF portfolio is pasted below:
Largecap schemes:
SBI Bluechip Fund: Rs 2,000 per month
Birla Sun Life Top 100 : Rs 2,000 per month

Small and midcap schemes:
Franklin Smaller Companies Fund: Rs 3,000 per month
DSP Microcap Fund: Rs 3,000 per month

Diversified schemes:
ICICI Value Discovery Fund: Rs 1,500 per month

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L&T Vale Fund: Rs 2,000 per month
Franklin Build India Fund: Rs 1,500 per month
Is my portfolio correct? I am looking to invest for five to 10 years.
--Sandipan Mukherjee

Nisreen Mamaji, Founder, MoneyWorks Financial Advisors, responds:

Congratulations on your asset allocation and selection of funds. Please do link each of your investments to a goal as per the time horizon you are planning for your retirement and wealth creation. Keeping that in mind, I would like to suggest a slightly different approach.

You could have one large-cap fund (30 per cent), two diversified funds (20 per cent each), and two small- and mid-cap funds (15 per cent each). Your monthly investment of Rs 15,000 for rounding off purposes:

Large cap funds – Birla Sun Life Frontline Equity Fund: Rs 4,500
Diversified equity funds- ICICI Prudential Value Discovery Fund and Franklin India High Growth Companies Fund: Rs 3,000 per scheme every month.

Small and Midcap funds- Franklin India Smaller Companies Fund and DSP Microcap Fund: Rs 2,500 per scheme every month.


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