Reconciling with Loss
Sharad Bailur has invested a big amount in JM Basic & wants to know what he should do with the fund
By Research Desk | May 12, 2009
I have invested Rs 3 lakh in JM Basic. The fund is giving a huge loss. Can you please advise what should be done?
- Sharad Bailur
The fund is an aggressive pick. It has witnessed a whopping 76 per cent loss in the market meltdown last year which is why you are suffering such a huge loss. Its portfolio is dominated by small-cap stocks. This is what holds it back.
It seems unlikely that the fund will take part in the recovery. It would be better that you reconcile with the loss from this fund.