Hi Bahuguna,
It was to my post that Yodlee was suggesting to skip HDFC Midcap opportunities. Personally, I am not convinced why one shouldn't invest into this fund as this has been a good performer for many years.
Coming to your post, for Rs. 25000 p.m investment, I feel you can invest into 5-6 funds based on your convenience and goals. My view points on your funds is as below.
1. Icici pru discovery Growth - Mid and Small Cap: Good fund to invest in. CONTINUE investing
2. Icici Focussed Bluechip - Large Cap: Suggested to SKIP: Please read below for alternatives
3 HDFC midcap Opportunities - Mid and Small cap: Personally, I feel a good fund: CONTINUE investing
4 HDFC top 200: Large and Mid cap: Another good fund from HDFC: CONTINUE Investing
5. Birla SL Frontline equity: Large and Mid Cap: Good fund from BSL. CONTINUE Investing
Instead of ICICI focussed Bluechip, for plain vanilla Large cap funds, you can consider Franklin India Bluechip (highly rated), DSPBR Top 100, IDFC Equity Plan. Already you have couple of Large and Midcap funds in HDFC Top 200 and BSL Frontline equity. From Mid and small cap funds, you can think of DSPBR Small and Mid cap or DSPBR Micro cap. You can add another fund from either of the stables to diversify if necessary or consider a Multicap fund or Junior BEES.
I am under the assumption that you do have the risk appetite to a high exposure to equities. It may be a good idea to introduce a balanced fund into your portfolio (if you deem necessary). In this category, my personal favorite has always been HDFC Prudence which has a long running good track record.
With these suggestions, you can consider either of the 2 portfolios.
PF1: (Complete Equity)
1. ICICI Pru Discovery Growth - 4000
2. IDFC Equity Plan / DSPBR Top 100 - 4000
3. HDFC Midcap Opportunities - 4000
4. HDFC Top 200 - 4000
5. BSL Frontline Equity - 5000
6. DSPBR Small and Midcap OR Fidelity India OR Fidelity Growth OR Franklin India Bluechip - 4000
PF2: (With Balanced Diversification)
1. ICICI Pru Discovery Growth - 4000
2. IDFC Equity Plan / DSPBR Top 100 - 4000
3. HDFC Midcap Opportunities - 4000
4. HDFC Top 200 - 4000
5. BSL Frontline Equity - 5000
6. HDFC Prudence - 4000
Please take your own informed decision on which funds to invest into. I would like to suggest another thing. If your investment vehicle (i.e. advisor or ISA or brokerage account) allows you to setup weekly SIPs, consider breaking down 4k invesment into 4 weekly investments of Rs. 1000 each, on a different date (for ex: 1, 7, 14, 21). If not, do spread your investment across month to have some diversification.
Happy Investing