Dear sks_12,
On the onset, let me commend you on a good set of funds. I will try to answer your questions at the end and will focus on your portfolio initially. Your current portfolio has the following distribution.
Birla sunlife dividend yield plus 7% Mid & Small Cap
HDFC Equity 14% Multi-cap
HDFC Top200 21% Large & Mid cap
HDFC Prudence 7% Balanced
Fidelity Tax advantage 14% Tax
IDFC Prem equity - A 14% Mid & Small Cap
Reliance Regular savings equity 7% Multi-cap
UTI dividend yield 14% Multi-cap
In your portfolio, there are too many small investments into multi-caps and hence, I am readjusting the skews and distribution across different caps. Also, I would recommend to remove the 2 multi-caps and replacing the same with a pure large-cap. The revamped portfolio would look like:
Birla sunlife dividend yield plus 10% Mid & Small Cap
HDFC Equity 14% Multi-cap
HDFC Top200 21% Large & Mid cap
Reliance Regular Savings Balanced 7% Balanced
Fidelity Tax advantage 14% Tax
IDFC Prem equity - A 14% Mid & Small Cap
DSPBR Top 100 20% Large cap
With this distribution, the distribution across different capitalizations are normalized and should augur well for your age profile.
The reasons for revamp are as below:
1) HDFC Prudence and HDFC Top 200 have very similar portfolios and hence, would appear to be a bit of repeat. Hence, I have recommended RRSF-Balanced as an alternative
2) I feel that you may still require ELSS as part of your portfolio and hence haven't modified the same.
3) I have recommended the removal of 2 Multi-caps and have suggested a single Large Cap DSPBR Top 100 as an alternative. '
Coming to your questions,
1) The reason why people advise not to stick to a fund house is because, in any system, over-dependence is always a liability and big risk. If the strategy of a fund house is bad or some high profile manager leaves the AMC, then all the schemes that he/she was managing have a turbulent phase. If the strategy is not good, then as an investor, it may not be in your best fiscal interest to be caught in the middle of it. Hence, it is always better to spread it across a bit.
2) Currently, you have a good set of investments into Mid & Small cap category. I have 2 suggestions.
a) I am not sure if you will be able to open a new SIP into IDFC Premier Equity as subscriptions were closed sometime back. If you are able to do so, you can consider DSPBR Microcap if you feel you have the risk appetite. It has delivered some fantastic numbers and there is an incentive as it's subscriptions will be closed shortly.'
b) If you can't open a IDFC Premier Equity SIP, then consider replacing the same with DSPBR Microcap and you should be fine.
Happy Investing !!