Hi all,
I had two questions:
1. On fund rating - People suggest that we should stay invested for long time (horizon of 5 yrs) in MF and ask ppl to invest in funds with good ratings. However, I keep seeing that fund ratings keep changing what are we suppose to do if 5 star rated funds go down to 2 stars in an year ?
EX: I had invested in DSPML TIGER, MAGNUM Contra, JM Basic, Sundaram Tax Saver funds an year and half ago (all were 5 star funds at that time). Now the star ratings have gone down and ppl are suggesting me to sell these funds. What am i suppose to do ?
2. Direct tax code - I guess as per the current draft. Long term mutual fund gains are also going to be taxed. Hence will result in de-compounding - value research online ariticle - http://new.valueresearchonline.com/story/h2_storyView.asp?str=14771
I want to invest for really long term 10+ yrs (this will be for my retirement). Are there any funds we can think about for this ?
Thanks,
Nruharish.
I had two questions:
1. On fund rating - People suggest that we should stay invested for long time (horizon of 5 yrs) in MF and ask ppl to invest in funds with good ratings. However, I keep seeing that fund ratings keep changing what are we suppose to do if 5 star rated funds go down to 2 stars in an year ?
EX: I had invested in DSPML TIGER, MAGNUM Contra, JM Basic, Sundaram Tax Saver funds an year and half ago (all were 5 star funds at that time). Now the star ratings have gone down and ppl are suggesting me to sell these funds. What am i suppose to do ?
2. Direct tax code - I guess as per the current draft. Long term mutual fund gains are also going to be taxed. Hence will result in de-compounding - value research online ariticle - http://new.valueresearchonline.com/story/h2_storyView.asp?str=14771
I want to invest for really long term 10+ yrs (this will be for my retirement). Are there any funds we can think about for this ?
Thanks,
Nruharish.