Need review for my investment choice

Hi, I am 24 yo, and I just need a review for the investment choice that I have made.

Mutual fund- ICICI Prudential Balanced Advantage Fund

Index Fund- Nippon India Flexi Cap Fund

Etf- Motilal Oswal 500 ETF

I want to know if going ahead with these would be a good decision. I will be investing ₹1,000 in each of these per month or maybe 1000 in the first two and ₹500 in ETF.

I know it is overlapping a bit but I am not getting what should I add or eliminate to minimize it.

Constructive critism is welcomed, let me know what can be done to make the investment better. Also is it too risky? Let me know your feedback.

Thank you!