Is it the right time to invest in L&T Infrastructure Fund Direct Growth?

The fund mentioned (L&T Infrastructure Fund) is a sectoral fund. In general, we suggest that a long term investor should avoid sectoral funds.

The reasons are:

1. Lack of Diversification and flexibility – you cannot go beyond the stocks in the fund.
2. Investor has to make hard decisions on which sector to invest and when
3. These funds have a higher Expense Ratio

While infra is a good theme to invest, it might be a better idea to invest in large cap or multi