Why such rush?
AMC has seen that people are not thinking of diversification of there allocation and US with its storng growth has given good returns in the past. So people are rushing to US equity. Thus every AMC wants to take a bite.
Muticap or Flexicap provides good diversification in Indian Market.
Some of the Flexicap has given 22% + CAGR in last 5 years.
Looking at this, fund houses are launching and people are subscribing to it.
CRISIL / Money Control / Morning Star also does not rate mutual fund till it completes certain time period after NFO. I saw one NFO garner lot of money which I think was not expected even by fund house.
I will prefer to wait for 3 years atleast to suggest or invest in a NFO fund.
Diversification is good.
However keep in mind that over diversification will lower the returns.
After all Diversification should not become DI(e) versification.
