Which debt mutual fund is safe?

I am investing in the following schemes with a horizon of seven years:
ICICI Prudential Value Discovery Fund: Rs 4,000
Aditya Birla Sun Life Advantage Fund: Rs 4,000
Aditya Birla Sun Life Small and Midcap Fund: Rs 4,000
ICICI Prudential Equity Fund: Rs 4,000
SBI Bluechip Fund: Rs 50,000 (a lumpsum in a year)
SBI Small & Midcap Fund: Rs 20,000 (a lumpsum in a year)
Axis Multicap Fund: Rs 20,000 (a lumpsum in a year)
How are these schemes? If i want to park money in debt fund, which fund is safe?
--Arif Ansari

Harpeet Singh, Founder, Vserv Capital Services, responds:

You are finely balanced between largecap, midcap and flexicap funds. However, you have overdiversified your portfolio. When you review the portfolio, if you find any of your funds consistently underperforming its benchmark index, move to one of your better performing funds and gradually reduce the number of funds in your portfolio to four to five schemes.


You can park money in short-term debt funds now. Franklin India Short Term Income Plan can be one. Baroda Pioneer Short Term Fund can be another. Based on the likely interest rate scenario, which is dependent on the inflation numbers, you may have to move some corpus to long-term debt schemes at some point of time. It is better to take the help of a financial planner.