MF portfolio rebalancing and setting up SIPs

I'm 29M with decent savings every month (>1.5L) and looking to invest \~1L/month in MFs. My goal is long-term wealth creation with the hope of beating index returns (hence not investing primarily in index). I also invest in stocks, which is primarily value investing. I'm looking to rebalance my MF portfolio. Till now it was based on suggestions by FundsIndia, but since they only have regular funds, and the returns haven't been very impressive (sub or equal to index in each case), I'm starting with SIPs on Groww so I can invest in direct funds. I'm not taking out my existing investments since I don't want to pay LTCG as I don't really need the money. Now coming to the SIPs I'm planning to start from next month. I'm planning to split it as Large Cap Funds (20%), Mid Cap Funds (25%), Small Cap Funds (20%), Flexi Cap (20%) and Value/Focused Fund (15%). Here are the details on my planned SIPs: * **Large Cap (20%)**: Equal split in *Motilal Oswal Large & Mid Cap* as well as *DSP Nifty Next 50*. Idea here is to grow along with the market, plus MO has had market beating returns historically. * **Mid Cap (25%)**: Equal split in *Quant Mid Cap* as well as *Kotak Emerging Equity*. Quant has a unique and promising set of holdings (I was planning to directly invest in a few of those), whereas Kotak has given me decent returns in the past. My concern here is I'm having the fomo of not including MO Midcap fund here, but most of it's holdings (>40%) are covered in MOL&M + Kotak Emerging Equity. * **Small Cap (20%)**: Equal split in *Kotak Small Cap* as well as *Tata Small Cap*. Kotak has given me decent returns in the past and Tata has a great value-investing strategy aligning with mine. Again, there's a fear of missing out on Quant SC, Nippon SC or Invesco SC which seem promising. * **Flexi (20%)**: Only in *Parag Parikh Flexi Cap*. Has been decently performing and holdings seem good. * **Value-oriented (15%)**: Only in *ICICI Pru Value Discovery* which has good set of stocks and been good for me so far. This along with MOL&M and Kotak Emerging Equity overlaps with Nifty 50 by over 60%. Apart from the above funds, I'm setting aside some money every month for investing in stocks/ETFs/smallcaps, US focused funds, get some gold, as well as building an opportunity fund to invest whenever a good opportunity arises. Now my questions: * I'm planning to track the above 8 funds as it seems to be completing the portfolio. In total it has \~300-350 stocks which also seems decent. And the max overlap is b/w ICICI and PPFC (28%), apart from these the others have <20% overlap. Please suggest if I'm missing out on something here. * Not investing in Nifty50 fund separately since most of those stocks are well covered by ICICI, Kotak, and MOL&M. Is this fine, given that the objective is to beat the index in long run. * Missing out on popular funds like Motilal Oswal Midcap, Quant Small cap, Nippon India small cap, etc. but I feel adding these will make my portfolio huge and overdiversified, specially with Quant holding 97 stocks and Nippon holding 227 in it's fund. Should I be looking at these or it's fine to swim in a different lane? * I'm planning to start these SIPs next month and track the performance for 1.5-2 years, post which I'll redo this research and look to rebalance again so I'm not missing out on some trend. Is this a sane approach or should I trust my guts for longer? * I spent the entire last week in researching and finalising the above-mentioned list, but still there's a lot of confusion and fomo. Am I thinking too much here or does the marginal benefit of an informed investment justify the time investment?