My Mutual Fund Portfolio – Advice required

Dear Sreekanth, I need some advice from you regarding my investments.I'm 37, looking for high returns and ready to take moderately high risk.I'm looking for good returns in the longer run and ready to be stayed put for the next 10 years. I've been investing in mutual funds for the past 5.5 yrs and the below is the percentage breakup of total amount in my investment portfolio. RELIANCE SMALL CAP FUND - 30% RELIANCE DIVERSIFIED POWER SECTOR FUND-25% RELIANCE EQUITY OPPORTUNITIES FUND-17% Franklin India Bluechip Fund-10% Franklin Build India Fund-5% Franklin India High Growth Companies Fund-5% L&T India Value Fund-6% RELIANCE TAX SAVER (ELSS) FUND-2% I've tried balancing and diversifying my portfolio as much as I can. 1)Please advise if I need to rebalance my fund in order to minimize risk and if yes, what would be your suggestion? 2)Should you feel I've chosen any wrong fund and should exit from that and replace with some other fund then suggest that fund name as well. 3)How to decide ( and based on what parameters) when to exit from a fund, especially a small cap fund as they are more risk prone and as you see 30% of my portfolio comprise of small cap. Is it fine to keep that much share for small fund in a portfolio? 4)Is it fine to go for higher NAV funds giving good returns instead of a lower NAV fund in the same cap with little lower returns? Like Franklin Smaller companies instead of Reliance Small Cap? My understanding is the higher the NAV is, it reduces profit compared to a lower NAV fund. 5)I'm planning to start an SIP of ~60K p.m. Keeping my investment goal in mind, which funds would you suggest and what amount? Please let me know should you require any more details.Thanks in advance!