Yes, you make valid points 
Diversification, if done right ofcourse, is meant to cut down on volatility and risk. Indeed, I think I see better options to invest hence the alternate buys, though I might have made a mistake or two.
I have only sold off two banks, Ujjivan and RBL, since I wasn’t paying attention while making 36% of folio weight in financials, with 6 companies. So, sectoral rotation happens, they gained lots rapidly, and financial sector can be bit complicated to understand. Now it’s just 12%.
No company or sector should be more than 15% roughly for a balanced folio, they say. Ujjivan and KPI green had exceeded to about 20% weight each.
The major reduced one is KPI green, to about half. Ceinsys, Shilchar and E2E networks have matched the growth, almost double since past 2 months, where the money was deployed.
Sharda motors, Phantom digital, Sanghvi movers, All E tech, Caplin point have all done well. Most others are doing ok too.
I think a small mutual fund kind of folio will also do ok, given bit less expectations. Overall market conditions are also not giving valuation comfort to go big on concentrated buying.
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