I have invested in following funds. do i continue or switch or exit.
magnum tax gain
reliance diversified power sector fund
magnum global fund
magnum contra fund
pru icici infrastructure fund
You have 2 sector funds, Reliance power sector and Pru ICICI Infrastructure fund. I would say sector funds are for the really experienced investors who have s sense of market timing.
But I would also add here that Infra sector is in a boom phase which would last for atleast 3-4 more years. There are some big investments coming up in the sector. So it wont be a bad idea to stay invested.
What you can do is move out of Reliance to another diversified fund. There are lot of choices for that.
I would say a better strategy is to move out of the thematic funds and choose
1) one balanced fund and (HDFC prudence, Magnum Balanced, FT India Balanced etc) 2) another diversified equity fund with midcap orientations(such as Sundaram select midcap, ) 3) choose a Index based funds with large cap orientation
Reliance diver is also a good one,infrastuc nowadays are gaining a raising postions,magnum global is performing a gr8 job,u have invested in good schemes yaar,so i ges u can hold these,& i really dont know about magnum contra,what ever consult a good analyst and come to a decision....