I want to know if it is advisable to invest further in the Fidelity Tax Advantage fund, since Fidelity is now going to be taken over by L&T Finance. Should I look at other tax-saving funds?
-Sudhir Basu
Yes, it would be worthwhile considering other tax-saving funds, simply because when the ownership changes, you won't be able to exit such a fund before the 3-year lock-in period ends. In case of other open-end funds, investors will have the option to exit on a non-load basis. And otherwise too, if investors don’t like the way are things are shaping up after the change in ownership, they can exit an open-end fund at any point. But the same is not possible in the case of tax-saving funds.
This article was originally published on April 18, 2012.
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