L&T Equity

POSTED BY Ramprasad ON February 8, 2013 9:31 am COMMENTS (2)

Hi ,

I have been investing in Fidelity Equity fund since 2007 for 5 years. No I have to renew this fund.

It has performed well for 5 years. Now Fidelity is taken over by L&T.

Please suggest me if I can continue in this fund after L&T take-over. Value research gives this fund 4 stars.

Ram

2 replies on this article “L&T Equity”

  1. Dear Ramprasad, if you do want to test the team, please give around 12 months or so. Else follow what dear Ramesh’s offered.

    Thanks

    Ashal

  2. Ramesh says:

    My suggestion is No.

    The team which gave you 5 years good returns is not there anymore. So technically, this is equivalent to closing of the fund, and a new fund in the same name.

    Note: they have got the fund manager who has done well in the Canara Roberco Diversified and Tax saver funds. So, it is still possible for returns similar to those funds in the L&T equity in future.

    But, my take will still be a No. I do not like myself to test out new people or inconsistent teams.

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