Ask Mint | On investments

Ask Mint | On investments
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First Published: Sun, Nov 09 2008. 10 17 PM IST

Updated: Sun, Nov 09 2008. 10 17 PM IST
I have invested in HDFC Long Term Equity Fund (G), HDFC Prudence Fund (D) , ICICI Pru Infrastructure (D), ICICI Pru Services Industries (D), SBI Blue Chip Fund (D) , Tata Pure Equity Fund (D), UTI Leadership Equity Fund (D), and UTI Wealth Builder Fund (D). Should I exit any of these funds or hold them? Kajal
You have too many diversified funds in your portfolio. Except for HDFC
Prudence Fund, all the funds fall under the category of diversified funds. Diversified funds are good investment options but having a balanced portfolio always helps. In the current situation, I would not suggest that you sell, but I would recommend you buy UTI Banking Sector Fund (Growth) and convert ICICI Prudential Services Fund into Sundaram BNP Paribas Capex Opp Reg (G) fund. However for all your funds you should have a minimum target of two-three years with revision of your portfolio every year.
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First Published: Sun, Nov 09 2008. 10 17 PM IST