Diversifying mutual fund among the same category with different AMC

Q & A ForumCategory: Mutual FundsDiversifying mutual fund among the same category with different AMC
Sai asked 10 years ago
Dear Sreekanth, Diversification within the same group and different AMC, will it help (say there are 3 top funds within the same group of Large cap, rather than investing 30K in one of the funds with one AMC, shall i do 10K in top 3 funds with different AMC) this may cause portfolio overlap, but might atleast get average of the top 3 performers. Please share your thought on this. What is the ideal time frame for checking the past performance of a mutual fund?
1 Answers
Sreekanth Staff answered 10 years ago
Hi, May I know, why would you like to invest in funds within same fund category? (3 Large Cap Funds). Is n't it wise to invest in 3 funds across fund categories and across AMCs based on your investment horizon ?? I prefer funds with proved track record in terms of CONSISTENCY and may be over a period of say > 10 years..
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