I hold units in SBI Bluechip, ICICI Prudential Dynamic and Franklin India Opportunities which I invested in 2009. I am not happy with their performance. Should I hold them or reinvest in some other funds?— Manoj Kumar
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You picked up three equity schemes from different fund houses. However, you ended up with three schemes from the identical category. Unfortunately, you did not pick up the best amongst the lot. ICICI Prudential Dynamic is a good performer. The fund manager has the flexibility to opt for a 100 per cent exposure to equity or take it down to very low levels. The other two schemes have not impressed in terms of performance. It would be wise for you to cut your losses. If you want to invest in funds within this category, consider Fidelity Equity, HDFC Top 200 or Franklin India Prima Plus
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However, we would like to point out a mistake that you made when investing in these funds. You did it all at one go and was instantly a hostage to market timing. Going ahead, ensure that investments are made via a systematic investment plan (SIP).
This article was originally published on August 01, 2011.
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