Should I make any changes to my mutual fund portfolio?

I am investing Rs 47,000 per month in the following manner:

RD: Rs 12,000
Kotak Select Focus Fund: Rs 6,000 (Kotak Standard Multicap Fund after re-categorisation)
Principal Emerging Bluechip Fund: Rs 6,000
HDFC Small Cap Fund: Rs 6,000
ICICI Prudential Equity & Debt Fund: Rs 3,000
HDFC Balanced Fund: Rs 3,000 (Now called HDFC Balanced Advantage Fund)
L&T Emerging Businesses Fund: Rs 6,000
Aditya Birla Sun Life Tax Relief 96 Fund: Rs 5,000

Are these mutual fund schemes good enough? Or should I make any changes to my portfolio?

-- Ankita Das

Santosh Joseph, founder, Germinate Wealth Solutions, responds:

You have a good diversified mutual fund portfolio. You could fine-tune your portfolio a little more according to your needs and cut down the number schemes to three or four. Additionally, you could convert your recurring deposit to an SIP and invest in a liquid fund or an arbitrage fund for better tax-efficient returns.