It is good that you are building through SIP as in long term the portfolio’s would provide good returns and help you achieve your goals.
You are doing a SIP into Birla Govt securities fund. This is debt fund which is slightly risky as it invest in longer tenure govt bonds which are highly sensitive to interest rates. If you are building the corpus for contingency then you should look at ultra short term funds or low duration funds as these are not that much sensitive to interest rates. You should stop the SIP in this fund and start in any one of the following fund.
In equity funds your portfolio is diversified among the following categories i.e large cap, Mid cap, Multi Cap & Small cap.
Reliance retirement Fund is not among the top performing funds in the Multi Cap category and also this fund does not have very less assets. There are other funds in this category which have performed well than this fund. Around 41% of our monthly investment is going into only one fund which is on a higher side. At any point of time we should not have more than 25% of our total portfolio in one scheme as any under performance would impact the overall portfolio returns.
You should replace the Reliance Retirement Fund with the following funds.
The remaining funds are good funds and you should continue your sips into It.