Iíve been investing Rs 1,000 a month in Reliance Growth and Reliance Diversified Power Sector via the SIP route since August 2008. Iím not satisfied with the kind of returns Iíve got so far. Should I hold onto these funds or switch funds?
You should hold onto Reliance Growth, which is a good generic fund. But switch your investments from Reliance Diversified Power Sector fund to something more generic like the Reliance Equity Opportunities fund. Donít stop investing via SIPs, which is the right way to accumulate your savings into equities for the long run. Furthermore, when you invest via SIPs in Reliance, you get a reasonable term cover for free, which is a meaningful benefit.