Hello Basu, Thanks for your informative blog. Keep it up. I want to invest via SIP in mutual fund. For that I have choosen \\\’Franklin India tax shield fund\\\’ as one of 3 ELSS funds in equity portfolio. So, if I want to pick one fund from small cap category, should I choose it other than of \\\’Franklin India smaller componies\\\’ for diversification in portfolio ,as fund house and fund manager, both are same in \\\’Franklin India tax shield fund\\\’ & \\\’Franklin India smaller companies\\\’ . 2)How much is important to choose funds from different fund houses in portfolio for diversification ? Thanks.
There is no harm in choosing the funds which are under same AMC or managed by same Fund Manager IF the requirement is suitable to you. However, if you uncomfortable, then in your case, I suggest you to go for Birla Tax Relief 96 and in small-cap go with Franklin. Don’t be attached too much with Funds.