I am 43 years old. My investment horizon is 20 years. From jan 2021 i am doing mf sip of 12000 pm. My purpose of investment is for Retirement. Axis Blue Chip Fund 3000 pm Tata Ethical Fund 4000 pm HDFC small cap 1000 pm SBI Bluechip Fund 2000 pm Icici technology fund 2000 pm Please review my portfolio and advice according.

Ans: Hello Rehan and thanks for writing to me. The funds you invest in are good funds, but with your time horizon, I recommend you pause investing in Axis Blue Chip Fund, Tata Ethical Fund and SBI Bluechip Fund and instead invest the Rs.9000 in:
1-Kotak Small Cap Fund-Rs.3,000
2-UTI Small Cap Fund-Rs.3,000
3-SBI Magnum Mid Cap Fund-Rs.3,000

As your time horizon is long, small and midcap schemes can potentially generate better returns than larger cap schemes.

Periodic rebalancing is essential to ensure you are on the right track to achieve your financial goals.

Ans: Your portfolio is good just be invested for long term

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!