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Mutual Funds Expert - Answered on Apr 19, 2023

Nikunj Saraf has more than five years of experience in financial markets and offers advice about mutual funds. He is vice president at Choice Wealth, a financial institution that offers broking, insurance, loans and government advisory services. Saraf, who is a member of the Institute Of Chartered Accountants of India, has a strong base in financial markets and wealth management.... more
rahul Question by rahul on Mar 06, 2023Hindi
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i have sip of Rs 5000/-in icici technology fund. do I continue the same for next 10 years?

Ans: Hello Rahul .ICICI Technology Fund is a sectoral IT Fund. This category has an 8-year time horizon and an aggressive risk appetite. Since the IT market has been extremely volatile over the last 1.5 years, it has had a direct impact on your investments. To answer your question, should the scheme be kept to continue? It entirely depends on your risk appetite.

Hold the scheme if your time horizon is > 10 years
Ideally, your sectoral fund exposure should not be more than 10-15% of your total portfolio.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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