Is my mutual fund scheme selection good

SBI Magnum Taxgain scheme is an ELSS fund and currently not a great performing fund in its category. For performance details of ELSS Funds please check here https://www.advisorkhoj.com/mutual-funds... and decide if you need to change the above fund

With regards to your investment in ICICI Prudential Focused Bluechip Equity Fund, you can continue with that with a long term investment horizon.

Before, you invest in other funds, do check what is your risk profile as selecting funds according to ones risk profile is the mantra of mutual fund investing success.

If you risk profile is moderate then invest in large cap and balanced fund, if high then invest in diversified equity funds and in case very high then invest in mid and small cap funds.

Please check your risk profile here https://www.advisorkhoj.com/tools-and-calculators/asset-allocation

Please write back to us in case you need some more assistance. Thanks for writing to us :))