I invested 25000 rs in this fund 2 months back hoping decent returns.
But even after market gained 400 points last week, I am still in loss in this fund. God knows what they are upto. They completely move with the sensex. While going down, it moves fast but while going up it moves slow.
Looks like they haven’t taken advantage of the correction in market last month. (or may be their fund managers are on a 2 months leave)
One day when the sensex gained 170+ points my mutual fund worth came from -750 to -520 something.
I bought this fund through icicidirect so atleast I get the updated navs in the next trading day.
Instead of buying this fund, one is better off with buying the sensex.
I am looking for a fund that’s smart enough to take the advantages of market correction and also more granular approach so that its some what as compared to sensex.
I don’t recommend this fund at all.