I have selected below MF;s for monthly SIP of 5000/-

Personal finance
1

I have selected below MF;s for monthly SIP of 5000/-. Please suggest any changes. Investment for 5yrs and above.

  • Kotak Small cap - 5k

  • PGIM India Midcap opportunity fund - 2.5K

  • Canara Robeco Bluechip Equity fund - 2.5 K

  • Quanta Active fund - 5k

  • Motilal Oswal Large & Midcap fund - 2.5K

  • ICICI pru commodities fund - 2.5K

  • SBI contra fund - 2.5K

  • Motilal Oswal Nasdaq 100 fund of fund - 2.5k

  • IIFL focused equity fund - 2.5K

  • ICICI prudential Nifty Index fund - 2.5K

2

Welcome MarketAnalyst to TradingQ&A
Well there is not much background you have mentioned apart from 5yrs and you have inclination towards equity MF.
I would suggest not to complicate matter
have

  1. Nifty Index fund : 15K
  2. Nifty Next 50 index fund : 15K
  3. Nasdaq Index tracking fund :5K
  4. 200 Momentum 30 index fund ( UTI is only fund house which offers it) :15k

Since all are index funds you have choice to select fundhouse

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3

Avoid active funds, invest in index funds. Also, check which index funds charge lower fees.

In case, your income is above 5L per year and want to save tax. Invest in tax saving mutual funds (which are mostly active funds).

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