Reliance Diversified Power Sector (G)

[prasathvishnu]

Two days back, I invested 5k in Reliance Diversified Power Sector (G) @ Rs.46 per share. What is the prospect of it?

As part of my tax savings, I am alreadt investing in HDFC Long Term Advantage (growth) and Franklin TaxShield in SIP.

Please suggest me how can I invest further with low risk for investment period of around an year.

Thanks in advance.

 

[bramanayagam]

reliance diver power sector is a sector fund. which invest the money in only power industry. sector fund is give high return and also high risk. if u want to minimize risk choose balance fund or debt fund.

 

[Vicky78]

among high risk, this sector fund is the best

 

[ebizempire]

you can stick with this fund for another year....it will do well

 

[prasathvishnu]

Thanks every one for your replies.

Yes, I will hold this fund for an year or so at most. I will probably quit this fund after making some good returns, which I hope for.

;-)

 

[Vicky78]

i think this fund should do well for atleast 3 more years. But given that this is a sector fund, it shall provide some testing times for the investor in that period.

 

[PriyAA]

What about investing around 20,000/- in this fund and forget about it for next 3 yrs. Pls guide

 

[Vicky78]

A fortune teller should answer that.

 

[mrindia]

Hello PriyAA,
u should not actually 'forget' about your money in these investments. Track 'em up regularly

 

[dipesha]

Hi,,,
I thnk it is very in term of return & the ppls who had put 1 lakh in feb 2006 got 3.86lakh in oct 2007 so i would sugest that still reliance has d potential to churn money in this sector.so stick to this fund .
regularly keep an eye on this.if u see some major crash..book ur profit