Financial Guidance - The Q&A Column

Q. I have been investing in mutual funds from quite some time now. Please find below the details of my portfolio with the percentages allocation within my portfolio with average buying price:
1. IDFC Classic Equity Fund - Growth (lumpsum) - 2.82% @ 10.225
2. Tata Infrastructure Fund - Growth (lumpsum) - 4.23% @ 18.14 Avg price
3. Sundaram BNP Paribas Select Midcap - Appreciation (SIP) - 8.17% @ Avg price of 98
4. Magnum COMMA Fund-Growth (lumpsum) - 2.82% @ 10.26
5. SBI Blue Chip Fund-Growth - (SIP) - 13.52% @ Avg price of 12.29
6. Fidelity Equity Fund - Growth (SIP) - 15.21% @ Avg Price of 20
7. Fidelity Tax Advantage Fund - Growth (SIP) - 39.44% @ Avg price of 13
8. Franklin India Flexi Cap Fund - Growth (SIP) - 13.80% @ Avg Price of 21

Unfortunately, I could not track the funds since last 6 months and the SIPs had stopped. I would like to restart my SIPs. I request you to please help me in churning the portfolio (if need be) and also suggest which funds should I include now? I have shortlisted a few funds below and would require your expert advice:
1) Sundaram BNP Paribas Select Midcap-Appreciation (SIP) of Rs 2000 (to average out my above investment its currently in red)
2) SBI Blue Chip Fund - Growth - (SIP) of Rs 2,000 (to average out my above investment - its currently in red)
3) Franklin India Flexi Cap Fund - Growth (SIP) of Rs 2000 (to average out my above investment - its currently in red)
4) Fidelity Equity Fund - Growth (SIP) of Rs 2000
5) Tata Infrastructure Fund - Growth (SIP) of Rs 2000
6) Reliance regular savings - growth (SIP) of Rs 2000
7) Reliance Growth Fund - Growth (SIP) of Rs 2000

Since I am not an expert and there are high chances of me taking wrong decisions, let me know of any alternative strategy that you think is the best. I want to restart my SIP. Please advice suggesting alternative stategy.
                                                                                                         - Anant Jasu, on email

A . On the broad view, the portfolio does not look lopsided. Within, I could suggest a few changes. [PAGE BREAK]

Going forward, you could have an SIP in Franklin Blue Chip instead of SBI Blue Chip. Continue in IDFC Classic and Sundaram Midcap.

Both the Reliance schemes suggested by you are fine, if you wish to go for them, instead. But I would suggest that the total midcap exposure be in the region of 20-30 per cent. It is difficult to take a call on which sector will move up faster in the future, but I do see commodity prices falling further, and this could impact your commodity fund negatively. Infrastructure may not rise as fast as it did earlier. Do continue your SIP strategy into the future. It is the ideal way to go forward in these volatile times.