Can you kindly suggest SIP investments for the long term

You have invested in one thematic fund (L & T India Special Situations Fund) and one sectoral fund (Reliance Pharma Fund). Thematic and Sectoral Funds are the most risky funds in the equity funds category. Also, the performances of these funds are dependent on how and when the theme plays out and also subject to the performance of the particular sector in which the fund has invested in.

As your goal is long term investment, diversified equity funds, large cap funds or mid & small cap funds could be ideal choices. Our suggestion would be as follows -

In lieu of L & T India Special Situations Fund, invest in L&T India Value Fund and in place of Reliance Pharma Fund, do invest in Reliance Top 200 Fund. You can continue with HDFC Small Cap Fund.

As you plan to increase your monthly SIPs by 10,000-15,000, consider investing in large cap and diversified equity funds as you are already invested in mid & small cap fund (HDFC Small Cap Fund and L&T India Value Fund). From diversified equity funds, Birla Sun Life Equity Fund, SBI Magnum Multi-Cap and DSP BlackRock Opportunities can be good choices. From large cap category, SBI Magnum Bluechip Fund, Birla Sun Life Frontline Equity Fund and Kotak Select Focus can be considered.

You may select 3-4 funds from the above suggested list and invest accordingly.

With regards to your query of investing in ELSS Funds, you can consider DSP BlackRock Tax Saver Fund and/ or Birla Sun Life Tax Relief 96 Fund.

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