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Mutual Fund Corner: Is it a good idea to invest in new fund offers?

Mutual Fund Corner: Is it a good idea to invest in new fund offers?

Mutual Fund Corner: Is it a good idea to invest in new fund offers?
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By CNBC-TV18 Jan 8, 2019 3:56:11 PM IST (Published)

Get all your mutual fund related queries answered by our expert, Feroze Azeez, on our show Mutual Fund Corner.

Want to invest in mutual funds but don’t know how to go about it?

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Get all your mutual fund related queries answered by our expert, Feroze Azeez, deputy chief executive officer, Anand Rathi Wealth Management, on our show Mutual Fund Corner.

Q: 58-year-old Thomas Kuruvilla writes us from Kerala. I have invested in the new fund offer (NFO) and have redeemed half of my units. Should I redeem the rest and invest in another fund?
A: We don’t recommend our investors to invest in NFOs since there is no history of performance. Since, we are not aware of the NFO in which you have invested, we would suggest you to track its performance and then take a call on it. We suggest you to invest in schemes that have consistently given good returns in the last five years.
Click here to watch the full episode of Mutual Fund Corner

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
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