June 7, 2013 7:09 pm
I have good investment in this and now it looks like I will have to shift. What are your opinions on the same?
Dear Anshuk, please stay invested in this fund as of now & repost the same question after 1Y i.e. in June 2013. By that time, all of us ‘ll come to know the exact performance & the decision to drop or not.
Importantly check how its performing against its benchmark and peers.
one should not invest in a equity mutual unless you have a goal that is at least 7-10 years away.
Star rating will change every few months and should be completely ignored.
if you have chose a fund with good history (UTI div. yield is one) then you need to keep the faith for a while. Look at the growth of your portfolio growth. That is more important than any rating. if the growth is not as expected for an year or two for a goal that is quite far away it is fine. A good fund will be able to make it up eventually.
Suppose you do change and the new funds rating goes down in six months what will you do?
I think , you can wait for some time, if it is performing not as you expected and if you compare with other fund which you want to shift is performing Superior , you can think of shifting
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