POSTED BY October 25, 2010 1:07 pm COMMENTS (3)ON
Would appreciate if you answer this one for me… excuse me if its’ an easy one.
I invested in HDFC Prudence – Growth in June 2009 with a monthly SIP of Rs.1000. Only recently, I increased it to Rs.2000/mth. My total Investment is Rs.19000.00 till date.
a. Should I keep this monthly contribution on? or Should I stop contributing and stay invested? I started my investment with a long term prospective.
b. I have an ambiguity about exiting the mutual fund. MFsays that there is an exit load applicable if its less than a year & at any given point of time(while you are contrbuting) the age of the recent investment does not go beyond 30 days. Do they consider the First allotment as the age of investment?
c. In this case, if I exit now, what is the amount that I would finally get, considering all the charges involved viz exit load & STT etc. Can you give me a calculation?