You should consider moving your money from one of the HDFC funds for superior diversification. Nearly 75 per cent portfolio of the two funds is common.
It is because of this reason, not because of their performances, that we would suggest you move from one of the HDFC funds to either one of the two options you’ve listed. Having either HDFC Top 200 or HDFC Equity in your portfolio will be good enough, and with your other investment being UTI Equity or IDFC Premier Equity, you will benefit from diversification across investment styles and market capitalizations.
UTI Equity is a 5-star rated fund in the large and mid-cap category with 1-year returns at 14.7 per cent. IDFC Premier Equity is also 5-star rated fund in the mid and small cap fund category, with 1-year returns at 13.47 per cent.