May I know why you are investing in this fund and for how long you want to invest?
Actually a lump sum was invested in this fund 10 years ago and we actually forgot about this fund and now I am in a fix what to do. Whether to continue or redeem the amount and invest in some other good balanced fund like HDFC balanced fund . Pl advise.
What is your time horizon of investment? I mean how long you can wait and let it be invested?
I can wait for almost 5 to 10 years and let it be invested. If I let it be invested, should I add some amount in it or not ?say 20000Rs.
Then stay away from equity funds. Use Ultra Short Term Debt Funds or Short Term Gilt Funds. If you still looking for equity, then use the allocation as 80:20 in Debt:Equity. For debt, you can use the above said debt fund types. For equity, use one large cap fund like Franklin India Bluechip Fund or Birla Sunlife Frontline Equity.
For debt funds, refer below post.
Thanks a lot Basu for your invaluable suggestions. Actually as suggested by u , I was thinking of investing in Birla Sunlife Frontline Equity Fund. But I read some negative reviews about the redemption of matured amount regarding this AMC. Pl advise whether I should invest in this fund or not?
May I know what are those negatives??
There are complaints about the customer care services n some customers found it difficult to redeem their money.