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Q.

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

Tags: funds, global fund magnum contra fund pru icici infrastructure fund, diversified power sector fund magnum
Asked by sushil choudhary, 20 Feb '07 05:08 pm
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Answers (5)

1.

Continue with SBI Magnum Global it is really climbing you can track it at http://money.rediff.com/money/jsp/markets_home.jsp and money control.com
Answered by Lalremliani, 21 Oct '09 11:16 am

 
  
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2.

You have made good choices but why so much of SBI. They dont have a very good history of managing market slides.

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.
Answered by Sandeep Chowdhry, 21 Feb '07 02:23 pm

 
  
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3.

Currently if you see you have 2 thematic funds(reliance diversified power sector fund & pru icici infrastructure fund) and one tax gain fund. Magnum contra and Magnum global are equity diversified funds.
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
Answered by ABC, 20 Feb '07 07:26 pm

 
  
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4.

Magnum tax gain in comparision is doing well,so hold it for few more days,
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....
Answered by pinky chinni, 20 Feb '07 05:18 pm

 
  
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5.

Visit moneycontrol.com and see how your fund has performed. Then decide for your self.
Answered by Paulraj Joseph, 20 Feb '07 05:10 pm

 
  
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