Should I switch to ICICI Pru balanced advantage fund from Canara robeco balanced ?

POSTED BY waris ON January 24, 2014 12:14 pm COMMENTS (14)

Dear friends,

I was running SIP of 2K each in canara robeco balanced and equity diversified funds since 1.5 years and then stopped for few months in between. Now i am planning to restart them. The agent says i shall switch to ICICI Pru balanced advantage fund from canara robeco balanced. Kindly help in deciding.


14 replies on this article “Should I switch to ICICI Pru balanced advantage fund from Canara robeco balanced ?”

  1. ashalanshu says:

    Dear Waris, thanks for the confidence shown in your own investent. Please do not question your own choices every now and then. Relax. Any market linked product can not perform in a straight upward line. it ‘ll be a multiple curves line but over all direction ‘ll upward. 🙂



  2. waris says:

    The link has given me confidence to continue with the fund. thanks.

  3. waris says:

    thanks for the link.

  4. ashalanshu says:

    Dear Waris, based upon this data from VROL, the Canara fund is performing OK.

    valueresearchonline. com/funds/fundperformance.asp?schemecode=75

    Now it’s up to you to decide.



  5. waris says:

    Is the fund really underperforming ?

  6. ashalanshu says:

    Dear Waris, the fund in question is not performing so you want to switch. As you are switching due to non performance of the fund, whole money should be redeemed at once and invested in a single shot in the next target fund.



  7. waris says:

    dear ashal,
    could you elaborate a little on the same.

  8. ashalanshu says:

    Dear Waris, switch in full from one fund to another fund.



  9. waris says:

    I cant say. Thats why i am asking this question .Is this fund underperforming?

  10. ashalanshu says:

    Dear Waris, switch if you are not happy with your existing fund.



  11. waris says:

    is it ok to switch or not.

  12. ashalanshu says:

    Dear Waris, whart is the guarantee that IPru ‘ll keep performing and Canara ‘ll keep underperforming? Even if you want to switch, please invest in direct plan of the fund in question.



  13. waris says:

    Dear Ashal,
    He says ICICI pru balanced is performing better than Canara balanced.I have an online account with Canara robeco but they dont have SIP facility . we can only do single transaction at a time.

  14. ashalanshu says:

    Dear Waris, why the agent is saying so? Why are you not investing direclty now?



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