Reliance Tax Saver (ELSS) Fund - Growth at 60 nav

N

narendrachouhan1992

New Member
#1
#1
Hi, i had sip in relience elss growth fund which i have recently stopped. I have arround 53000 rupees invested at a average nav 60. Current rate is 48.5.

Please suggest whether this mutual fund will ever be able to recover?
Should i average out the nav or should i stop my sip?
 
A

ashishchauhan

CFG | IFA | AMFI Certified MFD
#2
#2
narendrachouhan1992 said:
Hi, i had sip in relience elss growth fund which i have recently stopped. I have arround 53000 rupees invested at a average nav 60. Current rate is 48.5.

Please suggest whether this mutual fund will ever be able to recover?
Should i average out the nav or should i stop my sip?
Click to expand...
Hi narendrachouhan1992
you are doing SIP and had an average of 60 means you are doing at from its highs. This fund is not at all good in ELSS and i want to know who suggested you to do sip in it or it was through self decision.
Because a correct advice depends lot on it. I will explain it after getting your answer.
 
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