Views invited on TATA INDO-GLOBAL INFRASTRUCTURE FUND ~GROWTH
- Thread starter esumitkumar
- Start date
esumitkumar, here is my answer.. you don't have to agree with it completely. We all make a call to purchase a stock/mutual fund based on certain instincts. Some times they turn out to be not the best one, like in this case, a sectoral pick. It was probably a good choice then, but looking back does not seem to be. What will u do next? Will u wait till it picks up ? OR redeem it and deposit it somewhere else where you can pick up the loss and given some more time, you can even start making profit with that money.
If I were you, I would do the latter. In economics, this is called the opportunity cost. Why let the money sit idle, when it can instead make you more, provided you put it in a better mutual fund. I am sure you can find some good diversified mutual fund that is managed well.
If I were you, I would do the latter. In economics, this is called the opportunity cost. Why let the money sit idle, when it can instead make you more, provided you put it in a better mutual fund. I am sure you can find some good diversified mutual fund that is managed well.
yes. Even I am stuck with this worst fund and it seems many more people as its assets are more than 1000 crore indicating it as one of the largest fund.
One should sell as soon as it becomes open ended fund which should happen in next few months. Also, its 3 year lock period should end by sometime around diwali this year and my view is that by Diwali market is going to peak in general and hence one can book lesser losses.
Clearly its bad judgement considering other funds from Tata portfolio such Tata PE fund, Tata Infra fund are giving decent returns.
Worst part is one can understand pain point due to market fall in 2008-09 and in general Infra sector not performing that well. But still in the last year as well when every other diversified mutual fund is giving good returns this fund is still underperforming. In fact, analysis on Moneycontrol suggests that this fund has given -2%, that is negative, returns for the quarter 1 and 2 of 2010.
Hence exit as soon as possible.
One should sell as soon as it becomes open ended fund which should happen in next few months. Also, its 3 year lock period should end by sometime around diwali this year and my view is that by Diwali market is going to peak in general and hence one can book lesser losses.
Clearly its bad judgement considering other funds from Tata portfolio such Tata PE fund, Tata Infra fund are giving decent returns.
Worst part is one can understand pain point due to market fall in 2008-09 and in general Infra sector not performing that well. But still in the last year as well when every other diversified mutual fund is giving good returns this fund is still underperforming. In fact, analysis on Moneycontrol suggests that this fund has given -2%, that is negative, returns for the quarter 1 and 2 of 2010.
Hence exit as soon as possible.
I agree with you. Infrastructure theme has been a bandwagon created by media-hype that includes everything under the sun incl power, allied power, banking, roads, ports, capital goods, etc etc. I think pretty much except maybe FMCG, pharma. Even though they have good fund managers, it fell out of flavour of the market of late. This is always the issue with sectoral pick. You are better off with power sector for eg. Reliance diversified power is doing good.
On the positive side, its the price one has to pay to learn this lesson.
On the positive side, its the price one has to pay to learn this lesson.
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