How to hedge mutual funds and shares with Nifty50

Hi I have mutual funds and stocks which are not in nifty50. Is there any technique in which by selling calls in nifty and buying puts in nifty, we can hedge the portfolio.

Have you guys tried this technique before and worked well ?

You do it by shorting NIFTY futures. The lot counts are calculated based on beta value of your portfolio. I can go on explaining it but it will just be some form of paraphrasing this varsity chapter - better you go through it - Hedging with Futures - from start to end. Cheers!