I have been investing Rs. 1000 in Reliance Long term Equity fund for last 13 months. The Said investment is showing a steady declinement in performance if i compare it with my other mutual fund investment of Rs. 1000 in ICICI focused blue-chip fund. Should I continue with Reliance long term equity fund or should i switch it to any other fund.
1 Answers
Both these funds are from different categories. Reliance Long Term Equity is a Mid n small cap fund, whereas ICICI focussed bluechip is a Large cap fund.
Its not wise to compare funds from different categories for returns. Mid and small cap funds are riskier than large cap funds.
However, as Reliance long term equity is not one of the best performer in Mid and small cap category, you can replace it with IDFC Premier Equity, ICICI Pru discovery Inst I or Birla sunlife Dividend yield plus.
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