Fidelity Mutual Funds Vs. Fidelity Index Funds

[insufFIcientfunds]

Hello! First post, excited to be here. I do have a question and it is in regards to Fidelity Mutual funds versus the Fidelity Index Funds. I currently have a portfolio of the following securities (I recognize certain mutual funds hold very similar stocks):

- FCNTX: Fidelity Contrafund
- FOCPX: OTC Portfolio
- FSCSX: Select Software & IT Service
- FSMEX: Select Medical Technology & Devices
- FSPTX: Select Technology
- FSRPX: Select Retailing

I've been invested in these since July 2018, so still pretty new to the investment game. This is a regular brokerage account and I pay tax on the capital gains that are distributed from these...which relates to a recent post of loving cap gains vs hating the tax liability they generate.

Looking for some general opinions on what this mix is compared to just having a mix of only 3 or 4 good index funds. Thanks!

[RWD]

Expense ratios (pulled from Google):
- FCNTX: 0.82%
- FOCPX: 0.88%
- FSCSX: 0.73%
- FSMEX: 0.76%
- FSPTX: 0.75%
- FSRPX: 0.78%

For comparison, FSKAX (I think this is the correct total US market index fund) has an expense ratio of 0.015%. That's roughly 50-60 times cheaper than your current funds. A single index fund (or maybe two or three) would be vastly superior to your current lineup.

Some resources:
https://jlcollinsnh.com/stock-series/
https://www.bogleheads.org/wiki/Getting_started
https://www.bogleheads.org/wiki/Investment_policy_statement