I have invested in Tata Indo-Global Infrastructure Fund (growth) in September 2007. Its NAV today is only Rs 8.50 as against the issue price of Rs 10. Is it worth holding on to this? Please advise.
It would be apt here to point out, that I've been crying hoarse on this forum against sectoral or thematic exposures and instead stressed only on diversified MF schemes.
Though this is sad, it is better to take this as the part of a learning curve and develop so that investors don't commit the same mistake over again.
Nothing personal friend, but, those that take sectoral bets without being experts/ masters in reading that sector/ timing to perfection are literally doomed...So, beware....
It feels bad but some times, it is better to get out of it. I too had the same experience of investing in two MFs, based on the so called Wealth Manager's advice. But once bitten twice shy. That time, I wasn't interested in MFs but after that, I have done hell of a lot of study on ULIPs, MFs etc to ensure that I don't get taken for a ride.
Two such MFs we ...more