It is a commonly-held notion that focused equity mutual fund schemes are riskier than the diversified mutual funds. In fact, many mutual fund advisors highlight this aspect to their clients all the time and ask them to stick to mutual fund schemes with diversified portfolios. However, Mayur Patel, Fund Manager, IIFL Focused Equity Fund, counters this claim. “Majority of time, the standard deviations of diversified multi cap funds is more than the focused multi cap funds. Which means the risk is ..