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Should I remain invested in Reliance Tax Saver Fund SIP

I have an SIP of Rs. 2000 in Reliance Tax Saver Fund from August 2012 and average cost per unit of my fund is around Rs. 35. Should I partially book profits and invest in some other fund like ICICI Value Discovery Fund or should I stay invested?

May 3, 2017 by Vinayak, Bangalore  |   Mutual Fund

You should continue with your SIP in Reliance Tax saver Fund as it is one of the top performing funds in the ELSS category. SIP in mutual funds is all about long term investing as you benefit from rupee cost averaging and compounding. Your SIP investment has not even completed 5 years, therefore, thinking of booking profit is too early!

However, if your risk appetite is not high or you are sceptical about markets or loosing the capital appreciation, then it is upto you to decide what you want to do with your investments

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