Should I add more schemes to my mutual fund portfolio?

I am investing in the following schemes monthly:
Kotak Select Focus Fund: Rs 4,000
HDFC Balanced Fund: Rs 3,000
ABSL Small and Midcap Fund: Rs 4,000
ABSL Advantage Fund: Rs 3,000

Do I need to change my portfolio and add more schemes?

-- Sonia Yadav

You haven't mentioned you financial goals, risk appetite, and investment horizon. In the absence of these crucial details, we can not evaluate your portfolio.

Also, some of the schemes that you have in your portfolio have been changed after the recent re-categorisation of mutual funds. Kotak Select Focus has become Kotak Standard Multicap Fund, ABSL Small and Midcap Fund has changed to ABSL Smallcap Fund and ABSL Advantage Fund has become Equity Advantage Fund. HDFC Balanced Fund has merged with HDFC Premier Multi-Cap Fund to form HDFC Hybrid Equity Fund. If you are a direct investor, you should seek help from a seasoned mutual fund advisor to review and rebalance your portfolio.