I am 27-years old. I invested in Canara Robeco Infrastructure, Reliance Growth and Franklin India Prima Plus, four years back. I am not satisfied with returns of these funds. What should I do?
-Vivek
Here’s our view of the three funds you hold:
Canara Robeco Infrastructure Fund is a thematic fund and it should not be apart of a long term portfolio. Also, infrastructure funds have done poorly and have bleak prospects.
Franklin India Prima Plus is a 4-star rated large- and mid-cap fund for its above average return grade, below average risk grade. It could be a worthwhile long-term investment.
Reliance Growth is a 2-star rated mid-cap fund for its below average return grade and above average risk grade. The fund slipped in star-rating in mid 2011. Prior to this it was a 4 and 5-star rated fund.
You can continue investing in Franklin India Prima Plus and divert investments from the other two in better performing funds.
This article was originally published on June 04, 2013.