For the past three years I have been investing in SBI Magnum Global, SBI Magnum Contra, ICICI Prudential Focused Bluechip, HDFC Mid-cap Opportunities, Reliance Regular Savings Equity and Reliance Equity Opportunities. I have noticed that ICICI Prudential Focused Bluechip's rating has been downgraded recently. Should I exit this fund? Also tell me which one of the two Reliance funds to hold onto.
- Veer Naidu
ICICI Prudential Focused Bluechip has seen a rating downgrade, but investors don't need to worry about its performance yet. A fund's rating should be used as a starting point while picking funds to invest in, but it shouldn't be the only reason for exiting a fund. ICICI Prudential Focused Bluechip has its variables in place and you should continue investing in it. Of the two Reliance funds you have, Reliance Equity Opportunities has been doing better.
This article was originally published on April 30, 2013.
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