Nothing wrong with investing in many funds per se, but it may not yield any additional return. While it is true that a few funds may give more return than their peers in the same category, it is not always possible to find those, and they change places. So if funds are selected on the basis of fund managers’ philosophy, then it can help. One advantage with diversification is that, it gives some comfort when the value of the funds grow with time, accumulated corpus is distributed among a few funds, and if a manager quits, the impact, if any, is restricted to that fund alone.
As you gain more knowledge and experience, you can modify and invest as per the situation.
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