u/CreativeCriticism387

Hi, I am 50 years old and quite new to SIP investments. I started investing in SIPs about a year ago. Currently, I invest ₹14,000 per month in the following funds:

1. HDFC Gold ETF Fund of Fund – ₹5,000 PM
2. Kotak Midcap Fund – ₹1,500 PM
3. Parag Parikh Flexi Cap Fund – ₹1,500 PM
4. ICICI Prudential Silver ETF FoF – ₹2,000 PM
5. ICICI Prudential Nifty Next 50 Index Fund – ₹1,000 PM
6. SBI Contra Fund – ₹1,500 PM
7. HSBC Small Cap Fund – ₹1,500 PM

I selected these SIPs based on my limited understanding and knowledge of mutual funds. Could you please review my portfolio and advise whether the allocation looks appropriate, or if I should make any changes in fund selection or allocation strategy?

Your suggestions would be greatly appreciated.