I invested in Birla Sun Life MNC fund-Direct plan and HDFC Index fund-Sensex Plan (Direct) around four to five years back. I don't need this money for the next five years. Are these funds good to stay invested or should I exit?
- RS Dahiya
Both are good funds and over a full market cycle they turn out to be fairly impressive. MNC fund turned out to be little disappointing when the market was roaring but it more than compensated in the declining phase of the market. They are very high quality companies and for the time period you are mentioning, I am confident both the funds will turn out to reasonably rewarding for you. The total investment period would be around nine to 10 years if you are already invested for five years and plan to stay invested for another four to five years.