Do not take a knee jerk reactions when a fund under performs. The worst thing to do is to sell in panic. The only time you should exit a fund is when:
- You wish to re balance your portfolio, i.e. move the fund into a different fund based on your asset allocation.
- Eg, you need to reduce equity funds as you have already crossed a 60% allocation based on your risk profile.
- You need the money for a goal that is due.
- The fund has underperformed vs the market for a long period of time.
Be aware that exit loads and taxes may reduce your gain. It is advised to track the fund for some more time and if possible take the help of a SEBI Regd Advisor.
This particular fund from Mirae Asset has given good performance compared to the market, over a considerable period of time.
Read more: http://www.jama.co.in/how-often-…
