HAVE INVESTED IN INDIAN MUTUAL FUND?ADVISE NEEDED?
April 9, 2010 by
Filed under investment opportunities
INVESTMENT QUERIES AND ADVISE NEEDED?
I invested in some indian mutual fund
on Ist Jan 2008.made mistake when sensex was hightest, The list of mutual funds i invested in are
1.Reliance Growth Fund-Retail Plan-Grwth
2.Sundaram Capex Opportunites-Growth
3.Sundaram Select Focus-Appreciation
4.Birla Midcap Fund-Growth
5.Fidelity Equity Fund-Growth option
6.JP Morgan India Equity Fund-Growth Pln
7.Sundaram Energy Oportunity Fund-Grwth
8.UTI-Infrstruture Advantage Fund Series 1
9.LIC Infrastruture Mutal Fund
10.ICICI Prudential Fusion Funds Series-II(Retail Growth)
What would u advise for portfolio?is it correct decision
look dear mistakes is what an investor could never stop to make, but the bigger thing is to come out of the mistake and learn from it
i guess you must have lost around 40% of you capital now in these MFs
It would not be advisable to sell the funds now but i would suggest you to keep them for atleast 3 years from now till the clouds of inflation, crude etc settles down and the economy takes the fast lane of growth
and till that time im confident you would not only recover your losses but end up earning more than you would have earned through FDs
Best luck