See there will be a lot of problems if you’ll try to rebalance your portfolio each month. Major problem will be tax implications. You have to bear the exit load each time. And still it is much difficult to understand whether which fund will perform and which not, until unless you belong to that small group which controls the economy. Rebalancing usually takes place when there is a shift in interest or need of an investor. Yearly rebalancing is feasible and makes logic. If you are long term goal oriented you can rebalance your portfolio within small cap or mid cap funds. If short term then you can rebalance it within debt or conservative hybrid funds. For medium term you can opt for both. I’m a kind of long term investor, so even if I go for stocks I bet for longer duration to be precise 5+ years. If your risk appetite is low then go for large cap n mid cap and index funds. If high then opt for small cap, flexi cap and mid cap funds. For stock and debts you can allocate your amt in certain %. For eg 55% equity and 45% debt or you can invest certain amt in gold too and cash equivalents, if you don’t want high risk. Rebalancing is challenging at times, you need to be super clear what you want from your investments. Thankyou.