I want to switch investments from Reliance Growth, Reliance Diversified Power Sector and Birla Sun Life Mid Cap. These three funds comprise 19 per cent of my equity fund portfolio. I already have investments in HDFC Equity and HDFC Top 200. Which diversified equity funds can I invest in?
Given the combination of the three funds that you want to exit from, we would suggest you invest in a large- and mid-cap fund that will not require a lot of monitoring, like UTI Equity. You can also add a fund like Birla Sun Life Dividend Yield Plus as supplementary to the diversified funds you hold. This could be a different way of approaching your investments. You can replace your three funds with 1 or 2 such funds.