Mutual fund experts here please save me? Need review before restructuring my ₹40k/month SIP portfolio
Currently I’m investing around ₹40k/month through SIPs and I feel the portfolio has become too cluttered and over-diversified with overlapping categories/themes.
Current active SIPs:
₹7k → Parag Parikh Flexi Cap Fund
₹5k → Motilal Oswal BSE 1000 Index Fund
₹5k → Motilal Oswal Large & Midcap Fund
₹3k → HDFC Pharma & Healthcare Fund
₹3k → Nippon India Small Cap Fund
₹2k → HDFC Technology Fund
₹2k → Nippon India Innovation Fund
₹2k → Quant Small Cap Fund
₹2k → SBI Small Cap Fund
₹1k → Quant Momentum Fund
₹1k → Motilal Oswal Defence Index Fund
₹1k → ICICI Prudential Commodities Fund
₹1k → Kotak Small Cap Fund
₹1k → Kotak Multi Asset Allocation Fund
I also have some one-time ELSS investments separately (not part of SIP).
Now I’m planning to simplify and restructure the SIP portfolio into this:
₹15k → Parag Parikh Flexi Cap
₹10k → Motilal Oswal BSE 1000 Index Fund
₹8k → Nippon India Small Cap
₹5k → Motilal Oswal Nasdaq 100 ETF
₹2k → Quant Momentum Fund
Total SIP = ₹40k/month
Plan is to:
Stop SIPs in overlapping/thematic funds
Keep existing invested units mostly untouched for now
Focus future SIPs into fewer high-conviction funds
Investment horizon: 10-15+ years
Risk appetite: Aggressive
Goal: Maximum long-term wealth creation
Would appreciate honest feedback:
Is this restructuring sensible?
Any category/fund overlap still remaining?
Would you change/add/remove anything?
App used: groww
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Risk Appetite – Aggressive
Investment Goal – Wealth Creation
Investment Horizon – 10- 15 years
Allocation Details – I used to do 40k pm
Which App Do You Use? – Groww
Why You Selected These Funds & Not Similar Ones From Another AMC – I selected these funds looking at their past performance