POSTED BY November 6, 2012 11:25 am COMMENTS (3)
ONI had invested in SIPs in 3 Mutual funds since 2007, which had a good 3yr 5yr performance then.
The performance kept reducing as time passed, but i stayed invested. Because of non performance, Now I have stopped the SIPs in these funds and have started SIPs in other funds.
1. Do i Redeem the amount from these non performing funds or do i wait for more time ?(Assuming last 5 years were worst, (https://www.jagoinvestor.com/2012/09/worst-5-yr-period-in-stock-markets.html) and next 5 years would be better )
2. It may not be worth withdrawing all the amount (bcos of exit load for redemption <1year and also if i start investing in a new fund it would take atleast a year to avoid exit load).
3. if i withdraw now, i will not get considerable returns (if i had invested the same in FD i would have got better returns). it could also be possible that the situation does not improves with these funds. Do I stay invested for another few years and then redeem?
With the above 3 situations(which i could think of, may be there are more which you could add on..) what is the best option you people suggest me ?
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Dear Alwyn, I can understand the 5Y period for SBI Tax gain but my dear friend where is this 5Y period in HDFC Eq.?
My personal take, SBI Tax gain – Redeem immediately & invest in HDFC Eq. in lump sum. As it’s a tax saver fund, you ‘ll not be able to redeem beyond Jan 2010 holding as 3 Y locking period ias not compelted after that.
thanks
Ashal
Hi Manish,
SBI Tax gain D, since MID of 2007
HDFC EQUITY G, since mid of 2010
Alwyn
Can you name those mutual funds ?
Manish