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Touching New Highs

It is difficult to predict the market's movements. Stay invested if you believe they will touch a new high...

Three years back, I had invested in HDFC Taxsaver, Sundaram Tax Saver and SBI Magnum Tax Gain. I am currently earning returns of around 5 per cent from these investments. Should I redeem or wait, because the market is likely to touch a new high?
- Mohit Rohilla

It is very difficult to guess the movements of the equity markets, but these funds will benefit substantially if the markets go up. These 3 funds were good funds when you had invested in them, but had turned bad in the interim. However, they're now back to performing well. So if you have conviction in your beliefs about the market highs, stay invested. You might be in for more profits.

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