Hmmm, this is one of those common foibles. If you are investing for the long-term, and I am assuming that’s what mutual funds are, this makes ABSOLUTELY no difference. Here’s the data. However, if you are doing tactical investing, which I am guessing not, because it is not possiblee with mutual funds, you are better off with ETFs.
https://stockviz.biz/2018/10/04/systematic-buy-the-dip-an-update/
I didn’t get this. 1.30 is blind but 2.30 is eyes wide open?
Star ratings are totally useless. ALL star ratings are based on based past returns and past returns historically have been poor predictors of future returns. If you go look at all the funds that were affected by the DHLF and IL&FS crisis, most of the funds were rated 5 starts. And some of these funds fell by as much as 50%. Moreover, the 3 different ratings providers - Morningstar, VR, CRISIL rate funds differently. A fund might be rated 5stars by Morningstar but rated 2 by CRISIL, how will you decide? You have a better chance of picking a fund by closing your eyes and placing your finger on a list of funds.
There were 2 ultra-short funds which fell about 5% in a week, that were rated 5 stars. 5% is how much you make in a year in a ultra-short fund. So, 1-year’s worth of returns were wiped out in a week. Anyway, if you want more data on why star ratings are useless, here’s an extensive article:
https://www.wsj.com/articles/the-morningstar-mirage-1508946687
What pros and cons? 
If selecting a MF was as easy as reading pros/cons, everybody would be a millionaires. These are all eye candy features which add ZERO value!
Bottom line: star ratings, pros, cons, cut-off times makes ZERO difference in the long run. I can post a mountain of more data. All this is plain useless, keep investing in a disciplined manner as per your goals and get your asset allocation right which is a billion times more important than these other pointless things.