Can we invest in equity while taking hints from a portfolio of mutual funds?

Yes you can. But remember the right decisions are often taken in a matter of days. Getting in and out of a stock at a particular time matters. Here it may not be possible to imitate the expert all the time.

Similarly it requires a lot of patience to hold on to some stocks for along period of time. Here too it may not be possible to repeat the behaviour.

To sum up, just having a list doesn’t help. Time and timing also matter.