I want to know whether my SIPs are in the right mutual funds. Shall I reduce the number of mutual funds in my portfolio? Here's my SIP portfolio:
SBI BLUE CHIP FUND: Rs.5000,
Birla Sunlife Front Line Equity Fund: Rs.3000,
Birla Sunlife Front Line Equity Fund: Rs 2000,
ICICI Prudential Focussed Blue Chip Equity Fund: Rs.1000,
ICICI Prudential Value Discovery Fund: Rs3000,
India High Growth Companies Fund: Rs4000,
DSP Black Rock Microcap Fund: Rs 2000,
Franklin India Smaller Companies Fund: Rs 3000,
HDFC Balanced Fund: Rs 4000,
Axis Long Term Equity Fund: Rs 5000,