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Exiting Poor Performers

Here are some thoughts on ICICI Pru Services Industries, Magnum Global and DSPBR T.I.G.E.R.

I have been invested in ICICI Prudential Services Industries, Magnum Global and DSPBR T.I.G.E.R. for the last 3 years. Despite a rising stock market, these funds have not shown any recovery. Should I move out of these funds? If yes, can you suggest some options? 

-  Mahesh Satoskar

DSPBR T.I.G.E.R and ICICI Prudential Services Industries are thematic funds. Magnum Global has the mandate to invest 80 per cent of the portfolio in companies via equity, partly convertible debentures, and fully convertible debentures. The balance can be allocated to money market instruments. 

Magnum Global is a 3-star rated fund and the year-to-date and 1-year return (as on November 12, 2009) put it ahead of the diversified equity category average. DSPBR T.I.G.E.R (4-stars) and ICICI Prudential Services Industries (2-stars) have both underperformed the broad category average on both these return parameters.

We are clueless as to your entire portfolio, but you can stay invested in DSPBR T.I.G.E.R and exit the others. HDFC Top 200 and Birla Sun Life Frontline Equity are two options you can consider.

 

 

Returns (Nov. 25, 2009)

Funds

Rating

Year-to-date

3-Year

DSPBR T.I.G.E.R

4-star

72.82%

10.45%

ICICI Prudential Services  Industries

2-star

71.44%

3.00%

Magnum Global

3-star      

103.42%

2.37%

Equity Diversified Category (average)

   -

78.56%

8.69%

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