Team-BHP - View Single Post

DCEite · 19th January 2008, 15:20

OK. I have a question for you guys.
I usually do not invest lumpsum amounts in Mutual funds. Always prefer the SIP route.
But, last December, i was lured by my friend (who is a financial advisor as well), to invest lumpsum amount in 3 funds:
Reliance Growth fund
Reliance Vision fund
HDFC Prudence Fund.

The NAVs of these funds at the time of purchase was 163.34, 467.42 and 290.42 respectively.
However, right now the funds are at 160.4090, 457.7700 and 276.9500 respectively.

I understand that i committed a mistake, by investing in lumpsum when the market was high. Saving grace is that i did not invest much. Only 5k each (total 15k).

Now my question is, should i exit these funds to prevent further loss? Or is there any hope that in the long term (say 2-3 years), i might just earn a bit profit?

19th January 2008, 15:20	#164 (permalink)
DCEite Distinguished - BHPian Join Date: Sep 2004 Location: (Gur)Gaon Posts: 2,011	OK. I have a question for you guys. I usually do not invest lumpsum amounts in Mutual funds. Always prefer the SIP route. But, last December, i was lured by my friend (who is a financial advisor as well), to invest lumpsum amount in 3 funds: Reliance Growth fund Reliance Vision fund HDFC Prudence Fund. The NAVs of these funds at the time of purchase was 163.34, 467.42 and 290.42 respectively. However, right now the funds are at 160.4090, 457.7700 and 276.9500 respectively. I understand that i committed a mistake, by investing in lumpsum when the market was high. Saving grace is that i did not invest much. Only 5k each (total 15k). Now my question is, should i exit these funds to prevent further loss? Or is there any hope that in the long term (say 2-3 years), i might just earn a bit profit? Last edited by DCEite : 19th January 2008 at 15:23.