Transcript: No. Diversification is one of the key reasons for investing in mutual funds in the first place. But it depends on your scale. If you are investing, say, Rs 2500 per month, choosing one balanced or tax-saving fund of a single fund house is fine. Investment teams work together - so their views will be reflected in the different funds of a fund house even if they have different mandates. If you invest meaningful amounts, make sure your money is managed by 2-3 different people, across fund houses.
This article was originally published on July 23, 2018.