Your mutual fund portfolio lacks focus. You are investing in too many schemes. Investing in nine schemes can make it difficult to monitor the performance of these investments. We believe that a regular investor does not require too many schemes. Two or three schemes are enough.

When you invest in too many schemes with a view to diversification, it often results in over-diversification. There will also be repetition. Investing in every equity mutual fund will not give you the necessary diversification. You should diversify according to your goals and risk appetite. For example, a long-term conservative investor is usually asked to invest in large cap funds or aggressive hybrid funds. Similarly, a moderate investor can invest in Flexi Cap Funds. She may also take a small exposure to diversify, but the core portfolio should be in schemes as per the goals and risk profile.

If you are not clear about the basics of mutual funds or investing, seek the help of a trusted mutual fund advisor or financial planner. Get some experience and knowledge before investing yourself.