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Commonality in Portfolios

For the sake of diversification, refrain from investing in funds managed by the same AMC & manager…

I’ve been investing in Canara Robeco Equity Diversified fund via SIPs for 6 months now. Is it a good idea to now invest in Canara Robeco Equity Taxsaver fund for tax-saving purposes?

Canara Robeco Equity Taxsaver is a good fund, but a good part of its portfolio will be the same as the other Canara Robeco fund you hold. Both funds are managed in the same fund company and by the same fund manager. Hence, simply for the sake of diversification, we would urge you to consider other good tax-saving funds. You can choose from ICICI Prudential Tax Plan, Franklin India Tax Shield or Reliance Tax Saver.

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