It really welcome move from SEBI, Initially i too was confused to choose funds whenever there is similar style schemes
from same fund house.
Yet, why is Prudence more expensive than Balanced, that too within
the same fund house?
One can avoid having to quote separate numbers for mutual fund investments by quoting minimum folio numbers for all transactions with
the same fund house.
Even PPFAS» Parag Parikh Long Term Value fund,
the same fund house that seems to align themselves with the principles of proper value investing, etc., is charging an expense ratio of 1.99 % for the direct plan.
There are multiple schemes with same investment objectives, strategies and portfolio allocation within
the same Fund house.
BTW, I suggest changing your comparison to compare active and passive funds that are benchmarked to the same index, not that have
the same fund house.
Avoid picking more than 1 fund from
the same fund house.
The comparison sites end up using, for whatever reason, more than 1 fund of
the same fund house for peer comparison.
One such practice is merging underperforming funds with top performing ones in
the same fund house which conveniently results in eradication of historical track record of the underperforming fund — Of course, it doesn't help investors as they don; t have the luxury of getting rid of historical underperformance.
If an investor has various folios with
the same fund house, they can ask the fund house to merge the folios.
Currently, several schemes within
the same fund houses end up looking duplicates thus confusing the investor.