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How to Select a Mutual Fund to Invest ?

Dear all

I am looking to invest in one more mutual fund, I currently have the SIPs running in the following MFs

1) HDFC Top 200

2) Franklin India Blue-chip

3) Quantum Long term Equity

I can spare some more money each month, hence need to select a good MF. Any suggestions which would be a better one? What approach can I take here to select the fund. I already have 2 funds in the Large Cap category, 1 in the mid cap(partially in large too). So should I go for a fund in Mid & Small Caps? or should I select a index fund.

These 4 MFs will form the core of my investment, the time horizon is 20-25 years and the goal is to generate wealth for Kids Education & My retirement. Any suggestions/inputs is much appreciated.

Regards

Finnaive

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