Changed my investment from L&T Equity Fund to UTI Opportunities Fund

POSTED BY Electro K ON December 18, 2013 9:42 am COMMENTS (5)

Dear Team,

Almost 2 years ago, I had drafted my Financial plan; thanks to Manish & Jagoinvestor team. That time I had started an SIP of Rs 3000 in Fidelity Equity Fund (now known as L&T Equity fund) from 1st Feb 2012 (for a goal in target year 2036)

However, I decided to stop investing in this fund as I lost confidence in it & my last SIP in this fund was on 15th June 2012. I have invested around Rs 13000 in this fund.

To replace this fund, I started an SIP in UTI Opportunities Fund from 30th May 2012.

I could not exit from L&T Equity fund as it would cost me an exit load. Now that the 1 year lock in period is over, I wish to remove this amount and divert it back to my original goal set. How should I go about it?

5 replies on this article “Changed my investment from L&T Equity Fund to UTI Opportunities Fund”

  1. Anshuk Jain says:

    Yeah. If you are taking money out of equity and putting it right back in equity, you need not worry about the timing..

  2. ashalanshu says:

    Dear Electro, you are merely switching money from one Eq. fund to another Eq. fund. So why do you want to disrupt the compounding?

    thanks

    Ashal

  3. Electro K says:

    @ Sumit: Thanks for the reply. It is not the only fund I am investing in. My concern is only about transferring the money.

    @Ashal: I had heard that Lump sum investment is not suited for Equity investments. Should I simply start a Systematic Withdrawal Plan and move the money to my bank a/c & then start a fixed SIP of 2000 for the next 7 to 8 months (considering the appreciation on L&T Fund to nearly Rs 15,000) into UTI Opportunties Fund?

  4. ashalanshu says:

    Dear Electro, please redeem and invest in lump sum in UTI opportunity.

    Thanks

    Ashal

  5. Sumit says:

    UTI Opportunities is a very good fund, but if it is the only fund you are investing, then I would suggest to add 1 or 2 more funds. May be 1 from large or large-mid category like – 1) ICICI Pru Focused bluechip / Or Quantum Long Term Equity Fund
    and 1 from small mid-cap catagory
    1) IDFC Prem Equity / Or SBI Emerging Business Fund.

    Thanks
    Sumit

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