I’m following your site frequently and now I’m compelled to ask these important questions related to my portfolio (I’m 42 married with 03 kids and only earning member of the family, no loans and with adequate Term insurance.)
Q1: I’ve invested in Fidelity Mutual Funds (details are in Q2) since its operations in India. But now with L&T coming into picture, what should I do with these funds? Many advisors are saying to quit the fund as the past record of L&T MFs are not good. Please suggest.
Q2: I’m investing in Fidelity Equity (5k), Fidelity India Growth (1K), Fidelity Education and Marriage funds (1K each) and in IDFC Classic equity (5K), HDFC Top 200 (2K), HDFC Gold Fund (2K) for last 02-03 years. Pl let me know if my funds are good or I need a relook?
Q3: I’m thinking of doing a STP from my IDFC Classic Equity Fund to IDFC Premier Equity Fund? Is it the right move? I’m also thinking of quitting from the Classic fund totally and starting the same SIP (Rs5000/-) with the Premier Fund. Suggest, Am I doing the right thing, considering the MF performance comments on your site.
Please reply ASAP. Thanks
SJ
PS: I’m a long time investor and my horizon is to continue even after 15 years of SIP in MFs. Eagerly waiting for a response.