POSTED BY December 1, 2013 11:04 pm ONE COMMENTON
I mistakenly joined HDFC crest blue chip fund last year and paid a premium of 200000 Rs last year. Now the fund value is around 170000Rs. If I go for a surrender, I will loose around 12000 again and will get the money only after 5 years. That bloody financial advisor is asking to change the fund to traditional pension scheme (HDFC CLASSIC).
By this, he is saying we can reduce the loss and promising a return of 10% which may be pretty low compared with the sip schemes. But my options are very limited. Should I join or forego that 42000 Rs loss.