What should be the right mix of mutual funds for me

You have selected good funds for starting your SIPs.

For monthly SIP of Rs 12,000 you should not go with more than 4 funds. Accordingly, you can choose 4 funds from your list. Our suggestion would be - Kotak Select Focus Fund, Mirae Asset Emerging Bluechip Fund, Birla Sun Life Frontline Equity Fund and Franklin India Smaller Companies Fund.

For your long term SIPs, sectoral funds may not be the suitable option as they are the most risky. Therefore, you can avoid doing SIPs in ICICI Prudential Banking and Financial Services Fund unless you are ready to take high risk in anticipation of very high returns.

DSP BlackRock Micro Cap Fund is not accepting any new investments.

There is no thumb rule as to what should be the allocation percentage between mid/ small cap and large cap funds. This should be based on your risk appetite and investment horizon. For example - Moderate to moderately high risk profile investors should go with mix of balanced and large cap funds.High risk profile investors can go with diversified equity funds and mid & small cap funds.

As your risk profile is moderately high to high, you have rightly chosen funds from large cap and mid / small cap funds. If you want, you can add one diversified equity fund to the selection. Birla Sun Life Advantage Fund and SBI Magnum Multi-Cap Fund could be good choice from the diversified equity fund category.

Please also note that investment horizon should be minimum 5 years for all kind of equity funds.

Thanks for writing to Advisorkhoj. Hope you find the above suggestions helpful.