Should I sell my investments in Reliance Growth Fund?
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I had invested in Reliance Growth Fund (retail/dividend plan) in 2007. Should I sell it or continue with it?
-- Akshay Bajaj
Chokkalingam Palaniappan, Director, Prakala Wealth Management, responds:
Reliance Growth Fund currently manages more than 7,000 crores of assets. It is a midcap fund. It has an impeccable long term track record. Post-2008 stock market crash, the fund had its own set of challenges. However in the last 3 and 5 years, although the fund has beaten its benchmark, it has underperformed its category average. It has beaten both its benchmark and category average in the last one year. Having held so long, you can continue to hold on to the fund. It would be a good idea to start an SIP in the same folio or add during market downturns. If you do not need dividend and would like to save on taxes, it would be better to switch to the growth option.