Mutual Funds portfolio consolidation

Hello everyone. I'm a novice investor and have been taking MF investment advice from an advisory firm. However, I've not had great success with them since they only recommend Regular plans, and the current review of their recommended plans isn't too good. So I'm planning to take things into control and planning to set aside 1,00,000 every month religiously for SIP in mutual funds. I've been researching a lot to find the best funds for long-term investments. Below are my driving points: 1. Need large, mid and small cap funds in my portfolio for diversity 2. Need some flexi-cap or value funds 3. I'm long on pharma and healthcare so thinking to put in one sectoral fund 4. Not looking to diversify into too many funds (not sure what's an ideal count though) I'm thinking to allocate my SIPs as below: Motilal Oswal Large & Midcap (10k), DSP Nifty Next 50 (10k), Kotak Small Cap (10k), Quant mid cap (10k), ICICI Pru Pharma, Healthcare and Diagnostics (10k), Kotak Emerging Equity (15k), ICICI Pru Value Discovery (15k), Parag Parikh Flexi Cap (20k) While the above is what I think a rational split to cover all my above points, I'm skeptical on the below 3 points: * 8 mutual funds is still more than what I've seen people invest in. Add to these my prior investments in ELSS funds which I've been holding but not investing in now * Leaving out on a few good MFs like Quant small cap, Invesco small cap, etc. * I'm looking to set aside some more amount every month for ETF investments which might overlap with some of these funds. I'm looking for advice on that front also.