Hold onto Reliance Growth, but switch from Reliance Diversified Power Sector to a generic fund…
29-May-2012 •Research Desk
I’ve been investing Rs 1,000 a month in Reliance Growth and Reliance Diversified Power Sector via the SIP route since August 2008. I’m not satisfied with the kind of returns I’ve got so far. Should I hold onto these funds or switch funds?
-TCP Nath
You should hold onto Reliance Growth, which is a good generic fund. But switch your investments from Reliance Diversified Power Sector fund to something more generic like the Reliance Equity Opportunities fund. Don’t stop investing via SIPs, which is the right way to accumulate your savings into equities for the long run. Furthermore, when you invest via SIPs in Reliance, you get a reasonable term cover for free, which is a meaningful benefit.
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