Hello friends. I am late in investement and will start my investments now. Timeline I am looking for 5-7 years or more. My advisor has suggested below funds (regular, as I need his help) and % allocation. Looking for 2nd opinion. Please suggest if below funds and allocation would be ok for safe and good returns (not aggresive). Thanks.
I understand futuer cannot be predict and MF is subjected to market risk.
1. Mirae Asset Large and Mid cap - 7%
2. Parag Parikh Flexi cap - 8%
3. Icici prudential nifty 50 index- 8%
4. Nippon India small cap - 7%
5. Axis blue chipblargebcap - 7%
6. Kotak flexi cap - 8%
7. Hdfc midcap opprtunities - 7%
8. Sbi contra - 8%
9. Axis small cap - 5%
10. Quant small cap - 3%
11. Icici prudential multi asset - 8%
12. Icici prudential balance advantage - 10%
13. Hdfc balanced advantage - 8%
14. Sbi small cap - 5%
You don't need so many funds.
Here is what I do. Invest in MF like this.
50% - large cap
30% - small cal
20% - mod cap.
Select 2 MF each from mid, small and large cap with lowest expense ratio and select direct funds.
You can invest in FANG ETF from Mirae asset
To minimise risk, staggered investment in multiple funds.
If you invest in this many funds, your returns would be similar as that of index funds. This is not what diversification means. Your portfolio should not exceed 5 funds. If you feel the need for more, it should only be done by removing from lowest returing fund.
Please suggest which one should be removed from above list and in which allocation should increase. I have just invested in these 15 days before and can recalibrate if required, to avoid loss in long term.
Forget about everything thing
35% in Large cap
40% in Mid cap
25% in Small cap.
This is aggressive method if want in safeer side reduce small cap percentage and move that to large cap.
For large cap ( Navi nifty 50 index fund , canara robesta elss)
For mid cap (Nippon India nifty 150 midcap )
Small cap ( Axis small cap)
Do allocation as suggested
I think allocation % is same as you suggested, however number of funds are more in each category.
+1, Instead of regular, go for Direct Growth funds for no commission.
Pick
1. Motilal Oswal Mid cap.
2. Quant Small cap.
3. Parag Parikh Flexi Cap.
Almost all funds have large cap stocks in their portfolio.
Advise : Change your financial advisor as He/she is misselling you probably 14 regular funds for his/her own benefit.
You only need 3 funds & max 5 funds. Not more.
As you said not aggressive return , invest in 60% Index/largecap fund + 40% Flexi Cap/Balanced Advantage Fund
You know most of these funds invest in the same stocks right?
Mutual funds are for the everyday people, so they dont have to worry about picking a winning stock.
This level of diversification in mutual funds is redundant and not diversification at all.
While I am not an financial advisor. Here are some tips
1. Instead of multiple funds, just go with 1 fund. Nifty 50 index fund
2. As you are looking for safe return please increase your investment period to atleast 10 years
3. Regular funds in long term benefits advisor so if you are looking for long term kindly purchase direct funds from website/app like et money, groww etc
Lastly if you are looking for bit of diversification, instead of Nifty 50 index fund go for a flexi cap fund
Recommendation Navi Nifty 50 index fund coz of its low expense ratio
Parag Parikh Flexi cap for its performance and exposure to foreign fund
As I am unaware of the investment amount, intent and your end goal, unable to comment any further
If you have any other questions, DM me
All the best for your investment journey 
MFs are subjected to market risk.
Check overlapping mf assets - https://fundpicker.thefundoo.com/Tools/Portfoli...
What are the original 6 funds your advisor recommended?
Maybe that will show the acumen of your advisor.
Advise : Change your financial advisor as He/she is misselling you probably 14 regular funds for his/her own benefit.
You only need 3 funds & max 5 funds. Not more.
As you said not aggressive return , invest in 60% Index/largecap fund + 40% Flexi Cap/Balanced Advantage Fund