Should I need to switch my mutual fund to another one?

POSTED BY smkalyan ON January 6, 2014 5:44 pm COMMENTS (4)

Hi,

Currently I have a SIP in ICICI Prudential Dynamic Plan (G). I started this 58 months back 1000/- per each month(58000 total till now) and now its value is Rs.79000. Should I need to continue in the same plan or need to switch to another one that is ICICI Prudential Focused Bluechip Equity Fund (G). Is this a good move to switch or should i continue in the same plan. Please suggest.

Thanks

Ram.

4 replies on this article “Should I need to switch my mutual fund to another one?”

  1. ashalanshu says:

    dear Ram, can you tell the reason of such high NAV? What ‘ll you say about Reliance Growth, Franklin India Bluechip, HDFC Top 200…..

    Thanks

    Ashal

  2. Sumit says:

    How come high/low NAV could be a criteria for selecting funds?
    Yes sometimes maintaining large Assets size of a fund can be one of the reasons for under performance, but as long as the fund beating it’s benchmark and outperforming the peers – no need to worry about.

    Thanks
    Sumit

  3. smkalyan says:

    Hi Sumit,
    Thanks for the response. Actually I was in a dilemma as ICICI Dynamic Plan’s NAV is in very high value compared to ICICI Focused Bluechip . I will continue in the same fund. Once again thanks.

    Kalyan

  4. Sumit says:

    Hi smkalyan,

    ICICI Prudential Dynamic Plan is a very good large-mid cap fund, performed exceptionally in last 6-12 months. I don’t know why are even thinking of switching to other funds while it is performing exceptionally in recent times.

    I would never do that, if I were you. 🙂

    Thanks
    Sumit

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