Sir, I am having one doubt about my one SIP in ICICI Pru Long Term Equity Fund (ELSS). I am investing in this ELSS through SIP for last 4 years. Now I observed that Axis long term equity Fund and Reliance Tax saver Fund are performing much better than ICICI Pru Long Term Equity Fund. So, Whether I should continue my this SIP or I should start new SIP in Axis Long Term Equity Fund / Reliance Tax Saver Fund? Which one ELSS is best in these three funds?
What was your return expectation while investing in this fund?
Ist Expectation: Better Return in its Fund Class, IInd Expectation: It’ll maintain it’s first or second position in it’s category but ICICI Pru is in 3rd position for last two years. So I asked you whether it’s time to review my SIP in this fund or not?
Rajiv-Better return in it’s fund class?? Are you following your financial goals or Mutual Funds companies goals? What if the funds you said currently best, slip to 5-6 position after your investment? Will you again run behind the top rated fund??
Ok Basunivesh, Thanks for your valuable input, I got the point.