I am 35 years old and working with a PSB. I have recently started investing in mutual funds. My present portfolio details are as below. Please advise on any change if required in my portfolio with objective of investment for long term.

Name of Fund	Present Value	SIP Amount
1. Axis Long Term Equity	30000	2000
2. Edelweiss Balanced Advantage	10000	2000
3. HDFC Small Cap	11000
4. ICICI Pru Equity & Debt	25000	1000
5. ICICI Pru US Bluechip	10000
6. Kotak Asset Allocator Fund	10000	2000
7. Parag Parikh Flexi Cap	20000	2000
8. SBI Nifty Index	22500	1000

Ans: These are good funds please continue

Ans: These are good funds please continue

Ans: You've made a solid start by investing in mutual funds through SIPs at a young age with a long-term horizon. Your financial planning approach, including having an emergency fund and insurance coverage, is commendable. Let's review your MF portfolio:

Diversification: Your portfolio consists of flexi cap, small cap, bluechip, and index funds, providing a good mix across market caps and investment styles.
Flexi Cap: Parag Parikh flexi cap fund offers flexibility across market caps and geographies, suitable for long-term growth.
Small Cap: Nippon small cap fund provides exposure to smaller companies with high growth potential, though small caps can be more volatile.
Large Cap: Axis bluechip and Navi nifty50 index fund focus on established large-cap companies, offering stability and growth potential.
Index Fund: Zerodha largemidcap 250 index fund aims to replicate the performance of the top 250 companies by market cap, providing diversification across large and mid-cap segments.
Suggestions:

Continue SIPs: Continue with your SIPs to benefit from rupee cost averaging and the power of compounding over the long term.
Review and Rebalance: Periodically review your portfolio to rebalance if any fund deviates significantly from its intended allocation.
Asset Allocation: As you add more funds, consider maintaining a balanced asset allocation based on your risk tolerance. Ensure you're not overly concentrated in one segment.
Monitor Performance: Keep an eye on the performance of your funds. If any fund consistently underperforms its benchmark or peers, consider re-evaluating its place in your portfolio.
Emergency Fund: Ensure your emergency fund remains intact and consider increasing it over time to cover 3-6 months of living expenses.
Professional Advice: Given your long-term investment horizon, consider consulting a certified financial planner to fine-tune your investment strategy, align it with your goals, and ensure optimal diversification.
Overall, your portfolio is off to a good start. With disciplined investing and periodic reviews, you're on track for long-term wealth creation. Keep up the good work!