I am 59 and retired. I have made investments on SBI Bluechip, SBI Magnum Midcap, ICICI Pru Value Discovery and HDFC Balanced funds(all Growth and Regular plan). With the current scenario of crashing prices, should I consider redeployment of my investments or stay put? Kindly guide?
Congratulations! as you have selected good mutual fund schemes for your investments. Though you have not given the date of your investments in these funds, please note that mutual fund investments are for long term especially if you are investing in equity or balanced funds.
We at Advisorkhoj, believe that one should invest in equity or equity oriented mutual funds only if one has an investment horizon of 5 years or more.
Therefore, if your investment horizon is 5 years or more, then you should remain invested without panicking about short term market jitters.
Hope the above helps.
Thanks for writing to us.
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