I am holding units in Birla Long Term Advantage, IDFC Equity, Templeton India Equity Income, Sundaram Global Advantage, Sundaram Equity Multiplier, Sundaram Energy Opportunities and JM Multi Strategy fund. Which funds should I hold on to and which should I exit?-Anjan Bor
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In your hurry to invest, you have invested in seven funds, majority of them invested in the NFO. Moreover having four multi-cap funds, a large-cap fund, an international fund and a thematic fund does not amount to diversification. The impact of such haste in investment is reflected in the performance of the funds. You can learn a lesson from this investment, fund selection is important at the time of investing and you should look for funds that have a performance history and track record.
This article was originally published on July 14, 2011.
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