I have sip in Motilal midcap, Axis Small Cap, HDFC retirement fund, Tata Digital fund, tata business cycle, icici nasdaq 100, Nippon consumption fund, I want to build corpus for future. Each scheme having sip of 5k. I am 29yr now.
Ans: Considering your current well diversified SIP portfolio of Rs 35,000/- at the young of 29 years, I would suggest you to continue your investment in a systematic manner with increase of 5-10% per annum for accumulation of good capital at the time of retirement.
I would like to suggest you to gradually reduce your allocation in sector specific funds like TATA digital, TATA business cycle fund and Nippon consumption fund as these funds invest in particular sector of economy and there is a concentration risk in these funds. You can divert the SIPs from these funds to well diversified funds in Large Cap, Flexi Cap and other long-term equity and hybrid funds.
Consulting a financial planner to prepare a holistic investment plan with details of your existing investments and financial obligations in near future will be most advisable actions for you.