But you may try to avoid investing in funds within same fund category after checking overlap of their portfolios. (relakhs.com)
If portfolio overlap is minimal across the funds especially within same fund category, you may continue with your portfolio. (relakhs.com)
All these years, SEBI / AMFI have been allowing multiple funds under same fund categories from same AMCs, in order to bring the desired uniformity across mutual funds and to standardize the various MF scheme categories, the SEBI through Mutual Fund Advisory Committee has issued new guidelines on «new Categorization of Mutual Fund Schemes.» (relakhs.com)