My entire investments are in HDFC Mutual Fund. Is it okay?

I started investing in mutual funds in December 2017. Since I had no idea about investing in the initial stage, I contacted an agent. He asked me to invest Rs 50,000 in HDFC Equity Fund, Rs 75,000 in HDFC Mid-Cap Opportunities Fund, and Rs 35,000 in HDFC Small Cap Fund. He also asked me to start an SIP in HDFC Retirement Savings Fund - Hybrid Equity Plan. I am confused because all my money is invested in a single fund house. What should I do?

-- Rahul Sarker

Neeraj Chauhan, CEO, The Financial Mall, responds:

Ideally, you should not invest the entire money with a fund house and should have diversified across some other good AMCs. However, as you have already invested, wait for a year. Otherwise, you will have to pay an exit load and short-term capital gains tax.