Adding value funds can enhance your portfolio

I am investing in the following funds and have considered flexi-cap and large- and mid-cap funds as my core portfolio. Mirae Asset Emerging Fund - ₹2,500 Axis Growth Opportunity Fund - ₹4,000 Parag Parekh Flexi Fund - ₹5,000 Edelweiss Recently IPO - ₹3,000 HDFC Small Cap - ₹1,500 Canara Robeco Focused Fund - ₹4,000 Axis Banking & PSU and Edelweiss Balanced Advantage - Lumpsum. While you have done the right thing by limiting the investment in small-cap funds, Edelweiss Recently IPO Fund also carries some additional risk as the fund predominantly invests in companies that are recently listed. Hence, right now, you may also consider ICICI Value Discovery Fund or UTI Value Opportunities Fund where these funds have been through different market cycles. As most international funds invest in the US stock market, you can consider Motilal Oswal S&P 500 Index Fund as this can give you a better sector allocation.