Six months ago, I invested in Reliance Equity Advantage and Reliance Vision. I would like to switch from both these funds to Reliance Banking. Is this a good idea?
-Jyotirdipta Sen
Reliance Vision is a 4-star rated, well diversified equity fund with a good performance history. It has delivered 60.36 per cent annually in the past five years (as on January 11, 2008). Remain invested in this fund with a long term view. Reliance Equity Advantage, launched in July 2007, has performed poorly. Reliance Banking is a wise choice if you want to invest in the banking sector. The fund generated a 77 per cent return in 2007. Being a sector fund, its performance is closely linked to the banking sector. So it is a riskier proposition than an equity diversified fund. If you have that little extra risk taking capacity, go ahead and invest in Reliance Banking (preferably through an SIP).
This article was originally published on March 19, 2008.
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