Mutual Fund Portfolio Review- Suggestions

Dear ValuePickr members.

I have been recently introduced to this community, I used to think that Reddit was a blackhole of investment wisdom and was very happy with reading threads on investments/equities. This community has blown away my mind and the pride that I hold concerning the knowledge I hold on investment instruments.

My Investment Journey (so far):

I started investing during the COVID lockdown and started learning about the Indian equity market. I initially invested in these mutual funds without a clear goal and bought units randomly:

1. UTI Nifty 50 Index Fund (inspired by John Bogle’s passive investing philosophy)
2. UTI Nifty Next 50 Index Fund (inspired by John Bogle’s passive investing philosophy)
3. Zerodha Nifty LargeMidcap 250 Index Fund (Saw this NFO from Zerodha and applied it as I was, I already interested in index funds and also like what Nithin/Nikhil from Zerodha are doing)
4. Quant Active Fund (impressed by their VLRT approach)
5. Ethical Fund (initially interested in ethical investing, but no longer contributing)

Rethinking My Portfolio:

After some reflection and further research, I realized my portfolio lacked direction. However, with a recent increase in income and savings, I’m ready to make some changes!

New SIP Plan (Equity Only):

Monthly SIP of ₹1,00,000 allocated as follows:

I removed the Zerodha Midcap and Largecap fund as it heavily overlaps with UTI Nifty twin index funds.

• UTI Nifty 50 Index Fund (20%)
• UTI Nifty Next 50 Index Fund (20%)
• Quant Small Cap Fund (20%) (added for exposure to small caps)
• Quant Active Fund (20%)
• Parag Parikh Flexi Cap Fund (20%) (added for long-term growth/value)

Additional Notes:

• I already have PPF, Sukanya Samriddhi Yojana, SGB, physical gold, and a savings fund for my debt allocation.

Looking for Your Expertise:

I’d greatly appreciate any feedback or suggestions on my revised portfolio. Does it make sense for my long-term investment goals? Should I consider adding or removing any funds?

Thanks in advance for your help!

Thanks
Sanjay khan.