I started investing ₹4,000 per month via an SIP in JP Morgan ASEAN Offshore Equity Fund in July 2013. I stopped the SIP in January 2015. I have invested around ₹72,000 in the fund. Currently the NAV is 14.2350 and I have 4492 units in my folio. I am in a loss of over ~11% on my investment. Should I book losses and exit or wait?
- Vikram Khatri
JP Morgan ASEAN Offshore Equity Fund is an international equity mutual fund scheme that invests primarily in companies of countries which are part of the Association of South East Asian Nations (ASEAN). Most international funds, apart from those focused on the US market, have been struggling for sometime. This is because of the uncertainties in the global market. International funds are meant for investors who want to diversify their investments across geographies. If you haven't made your investment for this diversification, you should sell your investments in this scheme.
This article was originally published on October 09, 2015.