Dangerous Investing Ideas

I am a 45 year old banker. I had been investing in 6 equity schemes (growth options) through monthly systematic investment plans (SIPs) for the last 3 years. The approximate aggregate investment was of Rs 2.38 lakh. I redeemed all my units recently as I was quite happy with the annualised returns ranging between 15-20 per cent. Also, I felt that the market was running at a rather brisker pace than was warranted. The approximate maturity proceeds will be Rs. 3.45 lakh.

This article was originally published on November 19, 2009.