Suggest a scheme to start an SIP for a long horizon

I have five SIPs currently: ICICI Focused Bluechip (Rs 2,000), Birla Sun Life Frontline Equity Fund (Rs 2,000), Reliance Mid and Small Cap Fund (Rs 2,000), ICICI Top 100 (Rs 1,000), DSP BlackRock Mid and Small Cap Fund (Rs 1,500), SBI Bluechip Fund (Rs 1000), and Franklin Midcap Fund (Rs 1,000). Now I want to start one more SIP for a longer period. Kindly suggest some schemes.
--Ashutosh Mishra


Abhay Shah, Certified Financial Planner, responds:

I strongly believes that your mutual fund portfolio is overdiversified. You should try to limit the number funds to two to four. If you insist on adding one more scheme to your portfolio, you can consider starting an SIP in L&T Infrastructure Fund as you do not have any exposure in sectorial funds



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