Where should I invest Rs 4,000 per month?

I am investing in the following five schemes via SIPs of Rs 1,000 per scheme:
Aditya Birla Sun Life Tax Relief 96 (G)
SBI Magnum Taxgain Scheme (G)
ICICI Prudential Long Term Equity Fund
HDFC Tax Saver Fund - Direct plan
Reliance Tax Saver Fund (G)
DSP BlackRock Micro Cap Fund - regular plan (G)
I want to invest another Rs 4,000 monthly, please tell me in which scheme should I invest?
--Amit Kumar

Puneet Oberoi, Founder, Excellent Investment Advisorz, responds:

You have all the tax saving ELSS schemes in your portfolio, apart from DSP BlackRock Micro Cap Fund.


So you should add a few good schemes to your portfolio:
L&T Emerging Businesses fund – Rs 2,000
Tata Equity PE fund – Rs 2,000

You can save taxes only up to Rs 1.5 lakh under Section 80C. Investing in too many schemes in the same category isn’t a good idea.