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Changing Underperformers

Historic track record can give a good clue on future fund performances

Changing Underperformers
Historic track record can give a good clue on future fund performances
 
Is it worth maintaining JM Emerging Leaders and JM Basic (both in the growth option) now? Any chance of them improving in the near future?
- Pradiptamohan Basu
Predicting the future is a tough job. However, you can judge a fund based upon its past performance. Currently, JM Emerging Leaders is a 1-star rated fund. Except in 2007, this fund has underperformed its category. Since its inception in July 2005, this fund has given a return of -6.82 per cent.
JM Basic (equity diversified fund) has shed its rating to just 2-stars. This fund during the downturn in 2008 could not beat its category average.
Both these JM Financials funds are in bad shape, if these are part of your core holding then you may consider better alternatives in the same category like HDFC Top 200, DSPBR Equity.
 

 

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