I bought Fidelity Tax Advantage in 2007 at around Rs 13/unit. The three-year lock-in period is over. Should I sell and invest in another fund?
- Abhilash
Going by your question, we are assuming that you do not need the money. If you do not need the money, why would you want to sell your units? Fidelity Tax Advantage is a 4-star rated fund that has performed impressively over the past year (top quartile performance). If you want to put the money in a fixed return instrument, then go ahead and sell. If you need the money, sell. But since you are considering another fund, you might as well stay put.
This article was originally published on September 24, 2010.
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