Can I add HDFC Small Cap Fund to my portfolio?

Can I add HDFC Small Cap Fund to my portfolio?

income group

I am 27 years old. I have an investment horizon of 15 years. I am investing Rs 10,000 per month in the following mutual funds:
Mirae Asset Emerging Bluechip Fund: Rs 2,500
Kotak Standard Multicap Fund: Rs 2,500
HDFC Mid-Cap Opportunities Fund: Rs 2,500
SBI Small Cap Fund: Rs 2500

Also, I want to invest extra Rs 5,000 via SIP. Can I add HDFC Small Cap Fund to my portfolio? Or should I invest in a large cap scheme? Please review my mutual fund portfolio.
–Mayank Sachan

Rishabh Parakh, Founder, Money Plant Consultancy, responds:

First, you have not mentioned the corpus you want to build in the next 15 years. You have also not mentioned your financial goals. Without these details, it won’t be possible to tell you how good these schemes are for you. Always remember that all schemes are good, what matters the most is whether they are good for you. Your existing mutual fund portfolio has good schemes. I am assuming that your risk appetite is high because most of your investment is in mid cap and small cap schemes.

You need to figure out the corpus you need to build. Only after that you can decide the schemes you should stay invested and what should be your overall portfolio. So, do your financial planning and create an asset allocation strategy.