Sunday, May 4, 2008

Prav22 "i have started a sip of lic mf (opportunities fund) a year before and i am seeing its not doing well and is under performance, i wanna know that can i stop it in between , ihave taken it for three years, or should i continue or can i switch to other."

Dear Prav22, there is nothing to stop you from discontinuing your sip. You have made the right decision of stopping the sip. LIC MF schemes are the worst performing schemes for quite a long time. In the first place, you should not even considered investing in LIC MF. Past is past, admit your mistake and move on. Consider investing in High Quality Diversified Fund like Birla Sunlife Equity Fund, DSPML Equity Fund, Fidelity Equity Fun, HDFC Top 200 Fund, Kotak Opportunities Fund, Lotus India Agile Fund, Mirae Asset India Opportunities Fund, Reliance Growth Fund, SBI Magnum Contra Fund, SBI Magnum Comma Fund, Sundaram Select Focus Fund, Tata Equity PE Fund among others.
And always, invest via SIP and invest for long term.
BEst of luck.

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