You should filter schemes which meet the following criteria (1) Choose AMC which is a good brand, (2) Choose AMC which is big in size, (3) Look for consistent performance. 80% of your schemes selected should be based on above filter. Rest 20% you can decide on your own analysis. Also, maximum allocation should be given to large cap and diversified fund (say 60-70%), some allocation to midcap funds (20-30%) and rest to other funds. Balance funds can also be looked into. You can watch my video on ‘How to select AMCs’ here.