UTI Reddit Mentions | ChartExchange

Sorry but this looks like an overly complicated portfolio to me with a lot of unnecessarily risky stuff.
If your risk appetite is medium and your goal horizon is 7-10 years why are you having exposure to midcap & small cap funds ? Are you aware of the fact that drawdowns in mid & small cap funds can last as long as 5-7 years during bad times ?
While exposure to gold alone maybe fine, silver is an unnecessarily risky exposure. A quick look at past drawdowns will reveal why.
Also I don't see any debt allocation into the mix. How do you plan to manage the ups & downs of the stock market when stuff goes wrong ? What is your plan when say just when you are in the 10th year and a major stock market crash like in 2008 happens ?
Understand that this is your dad's money. Not having a proper asset allocation strategy and going for risky stuff can make him become averse to stock markets like many who stop SIP's or lose a lot of money during stock market crashes by exiting with losses.
Unlike a young investor, who can take a lot of risk with their money and can invest in a lot of risky stuff, aged investors may prefer safer funds. Since you mention a medium risk appetite I stress on this.
It would also help if you can mention a target corpus like ₹ 50 lakhs that you are aiming for. Having a number always helps to focus.
As to help you to plan you can use the below procedure that I often use.
First consider the goal horizon (7 years in this case) and the target corpus (say ₹ 50 lakhs).
Consider a low return estimate of 10% overall . Now to achieve ₹ 50 lakhs in 7 years, you will need to invest somewhere around ₹ 41,339.25 monthly.
Now let's think of proper asset allocation strategy. One that allows you to keep your ₹ 50 lakhs intact when you exit the market.
For the first 5 years (Growth phase): 60% equity + 40% debt
For the next 2 years (Exit phase): 0-15% equity + 85-100% debt.
If you plan to extend this goal by 3 more years, use the same exit strategy.
Rebalance annually to maintain the Asset Allocation.
Now that asset allocation strategy is decided we can choose the funds.
For the equity portion, I recommend a combination of Nifty 50, Nifty Next 50 (from UTI) and a Flexicap fund (Parag Parikh or HDFC) in a 40:30:30 ratio. For the debt portion, use the Parag Parikh Dynamic Asset Allocation Fund (PP DAAF). It's a BAF/DAAF that is explicitly managed like a Conservative Hybrid Fund and it is pretty credit safe in nature with a an Average Maturity around 3-7 years making it perfect for such goals.
So your monthly breakdown should look something like this for the first 5 years:
1.) UTI Nifty 50 Index Fund: ₹ 12,000
2.) UTI Nifty Next 50 Index Fund: ₹ 9000
3.) Parag Parikh Flexicap Fund: ₹ 9000
4.) Parag Parikh DAAF: ₹ 20,000
During the exit phase in last 2 years it should look something like this:
1.) UTI Nifty 50 Index Fund: ₹ 0 to ₹ 3000
2.) UTI Nifty Next 50 Index Fund: ₹ 0 to ₹ 2250
3.) Parag Parikh Flexicap Fund: ₹ 0 to ₹ 2250
4.) Parag Parikh DAAF: ₹ 50,000 to ₹ 42,500
You can check out past returns to see how this has played out in the past. You can replace the Parag Parikh DAAF with Kotak Debt Hybrid Fund for past returns calculations purposes.
Finally consult a proper fixed fee financial advisor (fixed fee part is important) if you still feel unsure.
Always remember Higher risk doesn't always mean higher reward and while time in the market is better than timing the market, proper asset allocation based exit strategy is even more important than time in the market.
Hope this helps