I am 47 years old. I have a SIP investments since the last four years in the below MFs (horizon 10 years).

The mutual funds I have invested in:

Mutual Funds	Plan	Amount
Kotak Emerging Equity Fund	Regular Fund	Rs 5,000 (started August 2017)
Kotak Flexi Cap Fund	Regular Plan Growth	Rs 2,500 (started August 2017)
SBI Bluechip Fund	Regular Plan Growth	Rs 2,500 (started August 2017)
HDFC Mid-Cap Opportunities Fund	Growth	Rs 2,000 (started August 2017)
IDFC Large Cap Fund	Growth	Rs 2,500 (started August 2017)
Mirae Asset Emerging Bluechip Fund		Rs 2,000 (started August 2017)
Axis Bluechip Fund	Growth	Rs 2,000 (started August 2017)
Axis Focused 25 Fund	Growth	Rs 2,500 (started August 2017)
HDFC Index Fund	Nifty 50 Plan -- Direct	Rs 2,500 (started August 2017)
Kotak Opportunities Fund	Growth	Rs 2,500 (started December 2017 and ended Nov 2020)
L&T India Value Fund	Growth	Rs 2,500 (started February 2018 and ended July 2020)

My wife's mutual fund details:

Mutual Funds	Plan	Amount
Axis Focused 25 Fund	Growth	Rs 2,500 (started December 2019)
SBI Blue Chip Fund		Rs 2,000 (started June 2019)
Mirae Asset Large Cap Fund		Rs 2,500 (started December 2019, increased the amount to Rs 2,500 from October 2020)
ICICI Prudential Multicap Fund	Growth	Rs 1,500 (started August 2020)

Have invested in these NFOs as well:

Mutual Funds	Plan	Amount
Kotak Global Fund of Fund	Direct	Rs 1,00,000 (July 2021)
Navi Nifty Index Fund	Growth	Rs 15,000 (July 2021)

Kindly advise whether current funds are good or should switch to some other.

Ans: You've built a diverse portfolio with a mix of systematic investment plans (SIPs), lump-sum investments, and other financial instruments, showcasing your commitment to long-term wealth creation. Let's review your current holdings and make strategic adjustments to align with your financial goals:
1. SIP Review:
• Evaluate the performance and suitability of each SIP based on your investment objectives and risk tolerance.
• Consider consolidating or exiting SIPs with underperforming funds or overlapping strategies to streamline your portfolio.
2. Lump-Sum Investments:
• Assess the performance and outlook of your lump-sum investments to ensure they complement your overall investment strategy.
• Consider rebalancing or exiting investments that no longer align with your investment goals or risk profile.
3. Portfolio Rebalancing:
• Rebalance your portfolio to maintain an optimal asset allocation and manage risk effectively.
• Consider reallocating funds from underperforming or overweight sectors/funds to sectors/funds with better growth potential.
4. Exit Strategy:
• Identify funds or investments that are not performing as expected or do not align with your investment strategy.
• Develop an exit strategy to liquidate such investments gradually while minimizing any potential impact on your overall portfolio returns.
5. Alternative Investments:
• Explore alternative investment options such as debt instruments, real estate investment trusts (REITs), or international funds to diversify your portfolio further.
• Consider adding exposure to sectors or asset classes that offer growth potential while mitigating downside risks.
6. Risk Management:
• Review your risk management strategy to ensure adequate protection against market volatility and unforeseen events.
• Consider enhancing your insurance coverage, particularly health and life insurance, to safeguard your financial well-being and protect your loved ones.
7. Financial Planning:
• Continuously monitor your financial plan and make necessary adjustments based on changes in your life circumstances, financial goals, and market conditions.
• Consult with a Certified Financial Planner (CFP) to receive personalized advice and guidance tailored to your specific financial situation and objectives.
Remember, investing is a dynamic process, and periodic review and adjustment are essential to stay on track towards achieving your financial goals. By taking a proactive approach and making informed decisions, you can optimize your investment portfolio and work towards building long-term wealth and financial security.