Where should I invest Rs 3 lakh for four years?

I am a 34-year-old professional and have started investing since the last two to three months in mutual funds. Below are my SIP investments:
Franklin India Ultra Short Bond Fund - Super Institutional Plan (G): Rs 4,000
ICICI Prudential Long Term Fund (G): Rs 4,000
HDFC Balanced Fund (G): Rs 3,500
Mirae Asset Emerging Bluechip Fund - Regular (G): Rs 5,000
Kotak Select Focus Fund (G): Rs 4,500
ICICI Prudential Value Discovery Fund (G): Rs 1,500
Aditya Birla Sun Life Top 100 Fund (G): Rs 6,500
My investment horizon is 15 years. Kindly suggest if the SIPs seems ok or should I rebalance them? Also, I need to invest around Rs 3 lakh in some debt fund for around three to four years. Please suggest a fund.
-- Manoj Kr Garg

Abhay Shah, certified financial planner, responds:

Again, the same mistake. While replying to an earlier query I have narrated how OVER-diversification kills returns, ultimately adversely impact WEALTH creation.


It seems, you have an SIP in debt fund. If this is for your short-term requirement, you should continue with it. However, you have written in your question that its for 15 years. Please do understand that SIP is for wealth creation, and debt funds are not meant for long-term investment.

You must have two to three different equity funds like Mirae Asset Emerging Bluechip Fund, Kotak Select Focus Fund, ICICI Prudential Value Discovery Fund to cater to your needs for the next 15 years.

For one-time investment, SBI Regular Savings Fund can give you decent returns for the next couple of years. The credit quality of this fund is very high, it has outperformed most of the DEBT funds in recent years.