Shall I exit Now?
I have invested in HDFC Long Term Equity Fund (G), HDFC Prudence Fund (D) , ICICI Pru Infrastructure (D), ICICI Pru Services Industries (D), SBI Blue Chip Fund (D) , Tata Pure Equity Fund (D), UTI Leadership Equity Fund (D), and UTI Wealth Builder Fund (D). Should I exit any of these funds or hold them?
SRIKANTH SHANKAR MATRUBAI advises :
Not only you have too many funds in your portfolio but also you have too many Sector funds, that too those funds which have been underpeformer since launch.
Your portfolio needs a major rejig.
Even though HDFC long Term Equity fund and UTI Wealth Builder Fund, I suggest you to switch immediately from the above funds to HDFC Prudence Fund and UTI dividend Yield Fund at once.
You also need to switch from both the ICICI funds you are now holding to ICICI Dynamic fund
You can retain your existing investment in HDFC Prudence, Tata Pure Equity and UTI leadership Funds.
This is not right time to sell. You should instead consider starting a sip in HDFC Prudence Fund and DSPML Equity fund.
These funds should provide you good returns over a period of 2 years.
You can also visit my blog goodfundadvisor.blogspot.com for detailed information and advise.
Srikanth shankar Matrubai
Also visit http://equityadvise.blogspot.com for an indepth Equity Analysis
Srikanth Matrubai is known as the WEALTH ARCHITECT. He is practitioner of Wealthy Habits and author of Amazon Best Selling Book DON'T RETIRE RICH. We strongly urge to follow your Advisor. This blog is purely for information. However, we strongly suggest you to consult a Financial adviser. This blog is purely for information purposes only and we do not take any responsibility whatsoever as the blog content may be changed from time to time and is generic in nature.
Tuesday, March 17, 2009
Shall I exit Now?
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