Should I exit Franklin India Prima Plus Fund?
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By ET Online |
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I am an aggressive investor and I am currently investing Rs 5,000 per month via SIPs in Franklin India Prima Plus Multicap Fund and Franklin India Smaller Companies Fund for the last two years. However, their rating has decreased and they are not performing well for the last one year. Should I continue to invest in these mutual fund schemes? Or, should I switch to other fund houses? If I have to switch, please recommend some mutual fund schemes.
-- Siddharth Kumar
Rishabh Parakh, founder, Money Plant Consultancy, responds:
The market and many mutual funds haven’t been performing well for the last one year. You may exit Franklin Prima Plus Fund (now called Franklin India Equity Fund) and invest in L&T Midcap Fund or Mirae Asset Emerging Bluechip Fund.
-- Siddharth Kumar
Rishabh Parakh, founder, Money Plant Consultancy, responds:
The market and many mutual funds haven’t been performing well for the last one year. You may exit Franklin Prima Plus Fund (now called Franklin India Equity Fund) and invest in L&T Midcap Fund or Mirae Asset Emerging Bluechip Fund.
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