About the fund performance Satish, 03 Jan 2014

Am investing in L&T Equity fund(fidelity eq fund) via sip since its inception from 2005. I have accumulated more units on it. This fund was one of the top performer and 5 star rated fund quite a years back, but now many research sites and media underperform this fund. My horizon is for more than 10 years in this fund. I dont want to switch to any other 5 star rated fund , cos the power of compounding will be lost when i switch to new fund. Kindly comment on this funds performance since from its inception and the long term performance of this fund

Fintotal Answer

Hi Satish, L&T Equity Fund is a good performing fund. It has given good returns in the past as you have mentioned. Though it is one of the best funds, it is still okay to have it in your portfolio. The media reports are dynamic and practically you cannot keep on changing your investments according the reports.  If you still wish to invest in another well performing fund, what you can do is just stop the SIP in L&T Equity Fund, but do not redeem the units. Let it be untouched, this way power of compounding still will be working on the fund on those accumulated units. Divert that SIP in one of the funds among our recommended funds at http://mutualfunds.fintotal.com/.

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