Hello, I have a query.
I have invested in HDFC midcap Opportunities fund (G), SBI Emerging Business Fund (G) and also Reliance Banking Fund (G) in January 2013, a sum of rupees Rs.50000, expecting it would grow at atleast 15% pa with a plan of not redeeming it till end of 2015. But till date I have not seen any of these funds in Green. As on Nov 1 2013, the value was Rs.45000, which is less than what I have invested. I opted the funds on advice of my financial advisor.
Should I keep the amount as invested in the funds and do you foresee that by end of 2015, the amount to be up by 10-15% pa? as many say that bank stocks will flourish in times to come.
Another query. One of my friend’s financial planner has suggested him to invest in Birla Sunlife Banking & Financial Services Fund as banking stocks are at low levels despite the market at 20k level. Would it be safe to invest now into banking stocks, keeping dec 2015 as the target for the money to grow?
If you suggest to keep away from these stocks, what would be the best way to park some corpus amount atleast for 2 years from now on?
Thanks in advance.
Faisal