@rezene Banks are not your financial advisors. Don't take their advices. They're business people and think about their profit. You need to think about your situation yourself. So read up on personal finance issues.
@gberen523 When you invest in mutual funds, there are different types of diversification available: sector, market cap, AMC etc. Which diversification are you talking about? Usually, a MF has 30+ stocks, covering different sectors.