Should I sell ICICI Prudential All Seasons Bond Fund?

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I am a 64-year-old retired person. I have invested a lumpsum in ICICI Prudential All Seasons Bond Fund (erstwhile ICICI Prudential Long Term Debt Plan). My time horizon is five to six years. The fund has not given good returns in the last year. Should I exit or stay invested?

If I must exit the scheme, please suggest a suitable plan for me.

-- C N Tandon

You have invested in a dynamic bond fund. Dynamic bond funds are typically recommended to long-term investors in debt funds who do not want to take a call on interest rate movements. The fund manager in these schemes have the freedom to invest in any debt instruments or any maturity based on his/her outlook. If he gets his call right, the scheme makes money. If it goes wrong, the scheme loses money. The scheme has offered only 1.65 per cent in the last year. That means obviously it has got some calls wrong.

  • 9.11%Annualized Return for 3 year
  • >5 years Suggested Investment Horizon
  • 6.9 YearsTime taken to double money
  • 3.67%Annualized Return for 3 year
  • >3 years Suggested Investment Horizon
  • N.ATime taken to double money
Without your investor profile, it is not possible to offer you a personalised advice. It is important to know your financial position, your investment objective, risk profile, etc. Since you are a retired person, we believe you should be careful about your investments. You should consult a mutual fund advisor for a personalised advice.

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