Ankur, I once asked same thing, had copied his response in my notes, pasting below:
"I have investments in the following
1) Large cap Diversified Equity schemes like Franklin India Frontline Equity Fund,Birla Sunlife Top 100 Fund,ICICI Value Discovery Fund,Birla Sunlife Long Term Advantage Fund,Franklin India Bluechip Fund,Motilal Oswal Focussed 25 Fund,ICICI Prudential Focussed Bluechip Equity Fund,Franklin India Prima Plus Fund ...
2) ELSS Funds like Reliance Taxsaver,Axis Long Term Equity Fund and Motilal Oswal Focussed Long Term Fund.
3) Midcap and Multicap Funds such as Franklin India Prima Fund,HDFC Midcap Fund,Motilal Oswal Focussed Midcap 30 Fund, Motilal Oswal Focussed Multicap 35 Fund
4) Debt Funds : HDFC High Interest Fund and Birla Sunlife Dynamic Bond Fund
Also have few sector funds in banking and Pharma....but in this dip I will be looking to buy the <b>diversified large cap equity funds ie from item no 1 above...
Smart_trade"
Vivek