u/Fox-Inevitable

Risk Appetite: Aggressive

Horizon: 20+ years

Allocation (SIP ₹25,000/month):

HDFC Flexi Cap Fund - ₹7,500 (30%)

Nippon India Growth Mid Cap Fund - ₹7,500 (30%)

Parag Parikh Flexi Cap Fund - ₹5,000 (20%)

Bandhan Small Cap Fund - ₹5,000 (20%)

My concern is that HDFC Flexi Cap and PPFCF heavily overlap in the Indian large cap space and I'm essentially paying two expense ratios for similar exposure. I suspect there is not much diversification benefit from running both.

My questions:

1. Is running two flexi cap funds a bad idea or does it add meaningful diversification?
2. If I should drop one, which would you pick - HDFC Flexi Cap or PPFCF - and why?
3. If I drop HDFC Flexi Cap, should I redirect that ₹7,500 into a large cap index like Nifty Next 50 or somewhere else?

Would love to hear what you'd do in this situation.