Should I invest in debt funds for long term period

You have invested in good performing mutual fund schemes across large cap, diversified and mid cap category of funds.

Instead of investing in TATA PE Equity Fund and L&T Special Situations Fund, you may add in your existing portfolio by investing additional amounts in SBI Bluechip Fund, BSL Frontline Equity Fund and ICICI Prudential Value Discovery Fund.

DSPBR Micro Cap fund is not accepting lump sum or SIPs for the time being, therefore, you will not be able to add in it.

For your long term investments in debt category, you may go for income funds and select the right funds from here https://www.advisorkhoj.com/mutual-funds...

The other idea could be to invest in balanced funds instead of investing in debts funds and equity funds separately. This is simply because the returns from balanced funds are tax free (long term capital gains as well as the dividends).

Therefore, you can invest 7.50 Lakhs in balanced funds instead of investing Rs 5.00 Lakhs in equity funds and 2.50 Lakhs in debt funds. Balanced funds invests approx. 65% in equities and rest in debt, therefore, it can take care of your investing needs in both the asset classes while making it tax efficient too!

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