I had invested in a number of mutual funds schemes 5 years back, is now the right time to redeem my investments? I have invested in schemes like DSW Investment Opportunities, Sundaram Select Focus, Fidelity Equity, HDFC Equity and Reliance Growth.
-Mohan Kumar
Most equity funds haven’t done well for the past 5 years. Five years ago, the market was at 21,000, today it is at around 18,000. So, we are still not ahead if you look at these two points in time. Hence, if you need the money, redeem your money now. But you shouldn’t redeem your investments only because the markets have gone up recently. Some of the funds that you have mentioned may not be the finest choice for you. It might be time for you to rejig your portfolio. But continue to invest regularly.
This article was originally published on March 02, 2012.