I had invested ₹80,000 in Sundaram Tax Saver in 2010. The current value of my investments is ₹87,000. Should I redeem or stay invested?
The last 5 years have been extremely disappointing for most equity funds. Sundaram Tax Saver also didn't do well, but it is now showing signs of a turnaround. The fund has started to do well in the current bull run, which is why you can see an improvement in your invested value. Even though there are superior options available to you, this fund is well-placed to benefit from the upsurge in the markets. Now would not be an opportune to redeem it. Stay invested.