POSTED BY July 3, 2012 12:42 pm COMMENTS (4)ON
I have been investing in Fidelity equity fund -growth from October 2010 as a SIP of weekly 1k till date. Currently I am on a loss of Rs.700 (approx). Now, my financial planner says it is better to stop the SIP for this fund ( redemption shall be done based on when this fund would reach the average value which is 34.24 for my investment to be a no-loss no-profit state)
The reason my financial planner said for this exit from this fund is as Fidelity has been acquired (by L&T, I think)
Please let me know if this move is correct ?