Should I continue with Reliance (Nippon India) Mutual Fund?
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--H S De
Ankita Tanna Narsey, Founder, Oaktree Financial Advisors, responds:
You have not mentioned the schemes’ your advisor has chosen from the mutual fund houses. However, I agree with your advisor’s view on the current market situation. You should not panic due to a temporary underperformance of a particular scheme. If you have invested in equity mutual funds, you need to give it sufficient time to show results. You need to stay invested for a minimum of five to seven years to get decent returns.
ETMutualFunds.com adds: Reliance Mutual Fund is now Nippon India Mutual Fund. The fund house and its schemes were renamed after Nippon Life Insurance of Japan completed the acquisition of 75% stake in Reliance Nippon Life Asset Management from Reliance Capital. Should investors be concerned about the change? For more, read: Reliance Mutual Fund is Nippon India Mutual Fund now. Should you exit?