Getty ImagesI have been investing in the following mutual funds via SIP for the past 10 months. I'm investing for a long term but my returns are negative. Should I stop investing in these schemes?
ICICI Prudential All Seasons Bond Fund: Rs 2,000
Kotak Standard Multicap Fund: Rs 3,000
L&T Midcap Fund: Rs 3,000
Aditya Birla Sun Life Tax Relief96 Fund: Rs 2,000
--Ravi Teja
Puneet Oberoi, Founder, Excellent Investment Advisorz, responds:
There is no problem with the schemes that you are investing. The returns are down because of the market correction. Every fund in the industry will be negative in the last 10 months. However, since you are investing via SIPs, you are buying at lower rates every time, so you are averaging your cost. You are a long term investors, you should just continue with these schemes.
ICICI Prudential All Seasons Bond Fund: Rs 2,000
Kotak Standard Multicap Fund: Rs 3,000
L&T Midcap Fund: Rs 3,000
Aditya Birla Sun Life Tax Relief96 Fund: Rs 2,000
--Ravi Teja
Puneet Oberoi, Founder, Excellent Investment Advisorz, responds:
There is no problem with the schemes that you are investing. The returns are down because of the market correction. Every fund in the industry will be negative in the last 10 months. However, since you are investing via SIPs, you are buying at lower rates every time, so you are averaging your cost. You are a long term investors, you should just continue with these schemes.
(If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.)
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