Can you please confirm my fund selection and select the best one

The funds you have chosen are amongst the top performing ones in their respective categories.

You have chosen couple of funds from each category (large cap, diversified and balanced) and one from mid and small cap category.

You want us to select one fund out of the two selected. However, please note that we do not give fund specific suggestion.

What we feel is that since you have already chosen good funds, therefore investing in anyone from the respective category makes sense. With regards to your selection of Franklin India Smaller Companies Fund, you may go ahead as there is no second fund in your selection in this category. Franklin India Smaller Companies Fund is one of the top performing funds in the mid and small cap category.