POSTED BY September 29, 2012 9:13 pm COMMENTS (7)ON
I have been investing in MF since 2008.
My primary goal is for long term investment capital appreciation. I have often heard about profit booking but know nothing how to go about it. What I get to know if the returns are higher than expected, one needs to book profits.
My simple query is what we do next with the \’booked\’ profits. If it comes in my hands, it will simply go away as expenses. Basically, I just want to stay invested regularly in good funds and only withdraw when i actually need them at later stage.
During this time period there will be several bull and bear phases.. Can I afford to remain unperturbed and allow the money to be there or I have to something smarter?
I just want to get the basics right. I am not a person who would want to shuffle between equity and debt and again do the same from debt to equity. Even if it means, i let go of small gains in the process. That would be too messy, worry about time period and tax complications if withdrawn before an year etc.. but if that is the only way, i have no choice.
Ofcourse, I do periodical review of the funds i have invested to see if any of them are underperforming. Here are the funds I have invested in.
DSP TOP 100, HDFC TOP 200, HDFC PRUDENCE, RELIANCE REG SAVINGS, ICIC PRU DISCOVERY.