New Delhi, March 18 -- I am 35 and investing in some mutual fund schemes through SIPs. The funds where SIPs are running are ICICI Small Cap, Kotak Small Cap, SBI Small Cap, Nippon Small Cap, and HDFC Balanced Advantage fund. I also made lump sum investments in 2-3 schemes ten years ago. Can I continue in these MFs, or should I rejig my portfolio?

The fundamental investment principle is diversification, i.e., asset allocation across various asset classes. Diversification applies not only across various asset classes but also needs to be implemented within the same asset class across various categories. This especially applies to investing in equity as an asset class. One should invest across various categories of companies/mutual fund sch...