I have been investing in Franklin India Taxshield and Franklin India Prima Plus for the past 57 months. My investments are in profits right now. Should I redeem and put the money in a bank deposit or continue investing in these funds? I'm investing for my daughters' weddings after 10 years.
- Pitambar
Both of the funds that you're investing in are very good schemes. The returns that you've earned in the past few years aren't excellent, but the earnings are not disappointing as the equity markets have been volatile during these years. Since you're investing for the next 10 years, you should stay invested in these funds. Even if the markets remain volatile, you will benefit from a bull run in the coming years.
This article was originally published on April 03, 2013.