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Portfolio Re-balancing

I do a SIP of around 15000 in to Equity Mutual funds viz, Relaince Growth, Sundaram Select Mid Cap, HDFC tax saver & Top 200, Birla Sun Life FL Equity. My Portfolio size has reached approximately 2 lacs plus. 

Please suggest if i need to rebalance my portfolio as my equity exposure is almost 100%.

Please also suggest ways to do portfolio rebalancing 

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