Time to revamp your mutual fund portfolio: What you must keep in mind

Do keep the tax impact and exit load in mind before you take a decision to sell

In India, the universe of mutual fund schemes is quite large. In the past, many fund houses had multiple schemes within the same category. Many schemes also bore names that either gave no indication of the underlying strategy, or ran investment strategies that were contrary to their names. All this made it increasingly difficult for investors to navigate through the maze of funds and identify the right ones for their needs.

To simplify the process of selection of appropriate schemes and to help investors make more informed decisions, the Securities and Exchange Board of India (Sebi) had come up with a