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Keep Faith in HDFC Equity

HDFC Equity hasn’t done well in the past year, but its long-term performance is too compelling to ignore...

I am currently investing in HDFC Equity, UTI Equity and IDFC Premier Equity. Will it be wise to move my investments from HDFC Equity to one or both of the other funds? I have noticed that the performance of HDFC Equity hasn’t been up to the mark in the last year.
-Jitendra

Yes, you're right. HDFC Equity hasn’t done very well in the past year. However, it isn’t a fund that should be dumped. There have been occasions in the past when this fund hasn’t done well, but it has made a comeback with solid numbers. It is a conservatively-managed fund, and its long-term performance is too compelling to ignore. We still believe that HDFC Equity will do well, but it might not justify being the core holding of a portfolio. You should spread your money equally across all the three funds that you hold.



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