Should i sell this funds? Shahida, 24 Nov 2012

Dear Sir, I have Invested in Mutual Fund in Monthly, SBI Tax Saver 1000 HDFC Tax Saver 1000 ICICI Tax Saver 1000 Birla Sunlife Tax Saver 2000 SBI Contra 1000 (3 years lock in). Should i sell?

Fintotal Answer

Hi Shahida. First of all, you do not need so many mutual fund schemes. Depending on your needs, you may invest in one fund for a need. Read article Choosing appropriate MF. Going further, if the lock-in period is over, just consolidate all tax saver funds in ICICI Prudential Tax Plan for your tax needs. Exit from SBI Magnum Contra Fund and invest in a better performing fund in its category.

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