UTI Mutual Fund?

Question

I invested to UTI infrastructure fund series II, At the time of invest the unit price Rs.10, Now it is come down to Rs.8.50 per unit, How long can i wait to get profit.

(i invested in December 2007)

Answer 1

If you are going to track the NAV of your mutual fund month by month, you shouldn't be investing. Invest only if you can wait for at least 5 years.

The price is strongly co-related with the BSE/NSE; so when they go up so will the NAV of your fund. Noone can tell you that, I guess.

Answer 2

Investing in mutual funds is equal to investing in stocks as MF you select is having portfolio of stocks. You can watch stocks mention in their list and if rates of particular stocks goes up NAV will increase. Redemption in mutual funds should be strongly corelated with goals in life. meet your financial planner.