I had started SIPs of Rs 15,000 per month in Reliance Diversified Power Sector Fund on April 15, 2010. Should I continue with this investment?
-Faisal Khan
It’s a bad idea to be putting your long-term savings into a sector or thematic fund. They are not a good vehicle for regular investing, and are a bad starting point. About 2 years back, this fund was on top of the charts, but it hasn’t sustained its performance. We would suggest that you move all your accumulated money into other diversified equity funds. If you prefer a fund from the Reliance AMC, choose either Reliance Equity Opportunities or Reliance Regular Savings Equity, which are the only two good funds from this fund family.
This article was originally published on May 07, 2012.
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