Rnrf

U

Uninitiated

Member
#1
#1
Hello all:

I had invested 30,000 to buy Reliance Natural Resources Fund (Growth) at its time of inception sometime in March 2008. The NAV is now 10.83 and during the recession it had dropped to around 5.00 even. I don't need the money immediately but am afraid of again going in the red. Is this fund worth holding on to, or should I exit now? Thanks and regards.
 
J

Jesse

New Member
#2
#2
I cant comment on RNRF fund but my personal suggestion is that if you are "afraid" then growth option is not right for you instead put your money in debt funds or the more secure bank FDs.

Smart investors dont invest all at one go & infact they would buy more at the time when NAV dropped to 5.0 & exit now when its 10.83 to book profits, investment of 15-18 months they would have gained more than double of their investment.
 
U

Uninitiated

Member
#3
#3
Thank you for your reply. When I invested in March 2008, I had acted on the advise of my investment adviser quite blindly in fact. I did not know about SIP, etc. but now I am a little more aware. I did not use the term "afraid" in a literal sense but just meant to convey that I would like to protect my capital, that's all. At present I am invested in a number of Equity SIPs, so it is not that I am shying away from growth options. Not at all! My question sought advise on RNRF in particular, so comments on this particular fund would be appreciated. Regards,
 
Y

yodlee99

Active Member
#4
#4
If I were you, I would redeem it now when the market is high. You can invest it in a few ways - debt fund or switch to better performing Reliance funds like Regular savings equity or Equity opportunities.
 
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