Is it right time to invest in Banking mutual funds?

Discussion in 'Mutual Funds Discussion Forum' started by sandeep729, Jul 5, 2011.

  1. sandeep729

    sandeep729 New Member

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    considering the stocks of banking sector on a decline, is it the right time to invest in lump sum in banking sector mutual funds?

    Among Reliance banking and Religare banking fund, which fund is better?

    happy investing
     
  2. drsambu123

    drsambu123 Active Member

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    Yes u can invest. beware of risks associated with sector funds. Dont allocate more than 10% of ur assets.. Though correction happened, further downside cannot be completely ruled out.. So keep partial amount for further downside....
    Reliance banking retail is better option.
    Gold also in corrective phase.. If it goes another 5% down we can consider investing in it
     
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  3. drsambu123

    drsambu123 Active Member

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  4. lindadale

    lindadale New Member

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    Yes today surely is a very right time to invest in a banking mutual funds as per today's financial condition.I am also in a way to invest with axis bank and lets hope that i get some best returns.
     
  5. poortrader

    poortrader Well-Known Member

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    for one time investing, which is akin to timing the markets, compare historical book value and PE of Bank nifty and see the PE and BV near bottoms in banknifty. at present it is much higher than the bottoms.
     
  6. raviDsai

    raviDsai New Member

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