Thursday, February 5, 2009

Loss in existing sip, shall I continue?

Worried, Mr.LiveWire asked
" dear sir ,
I have sips of icici infrastructure fund, reliance equity opp, franklin india opp fund and also lumpsum investments in principal equity &uti i want to make new sips & lumpsum investment in mutual fund should i stick on my old mutual funds or can u recommend me some better performing mutual funds , i am also looking to exit from some of my old mutual funds kindly advice as i am having losses in my investment right now"

Dear LiveWire,
Unfortunately, all your funds are 'Below Average' Category and are underperformers. You seem to love Infrastructure and overexposed your investments to these funds. Continue in ICICI Infrastructure Fund only if you intend to stay invested for at least 5 years.
Switch out from Reliance Equity Opportunity to Reliance Growth fund
Switch out from Franklin India Opportunity Fund to Franklin Equity Income Fund
Stay invested in Prinicipal Equity for now
Switch from UTI Infra to UTI leadership, as you already have ICICI Infra.

Your portfolio lacks Good Diversified Equity funds as well as Large Cap funds.
Take a look at the following funds and add them as and when possible,
Birla Sunlife Equity Fund
Birla Sunlife Frontline Equtiy Fund
DSPML Top 100 Fund
DWS OPportunity Fund
Fidelity Equity Fund
HDFC Prudence Fund
JM Contra Fund
HSBC Equity Fund
Mirae India Asset Opportunity Fund
Sundaram Select Focus Fund

Kindly invest via Sip and always take advice of well intentioned and well informed persons before commiting your money into any funds. "

Best of luck,
Srikanth shankar Matrubai
Visit for More Detailed Mutual Fund Advise.

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