Should I invest in more than one scheme for one category of mutual funds?
An investor should diversify their portfolio across various asset classes and within the same asset class. Regularly review and rebalance investments
I am 35 and I am investing in some funds through SIPs. The funds where SIP is running are ICICI Small Cap, Kotak Small Cap, SBI Small Cap, Nippon Small Cap, HDFC Balanced Advantage Fund, Canara Robeco, and Parag Parekh. I also have some lump sum investments in 2-3 funds which I had made ten years back. Can I continue in these MFs or should I rejig my portfolio?