Reconciling with Loss

Sharad Bailur has invested a big amount in JM Basic & wants to know what he should do with the fund

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.

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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.

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