I am aged 57 years and retired. I have an ongoing SIP in Axis Bluechip Direct Growth fund for Rs.1000, for the past two years. I had a SIP in Axis Long Term Equity Direct Growth for Rs.2500 for four years and stopped last year. Since both the funds are underperforming, shall I redeem and switch to other funds ? I have a long term view and aggressive risk appetite. - Ganesa moorthy, Coimbatore.
Ans: Given your long-term investment horizon and aggressive risk appetite, it's advisable to periodically review your portfolio's performance. If you find that your current investments are consistently underperforming and no longer align with your financial goals, it may be prudent to consider redeeming and reallocating your investments into other funds that better suit your objectives.
Before making any decisions, conduct thorough research on alternative funds that match your risk profile and investment objectives. Look for funds with a strong track record of performance, consistent returns, and a portfolio that aligns with your investment strategy.
Moreover, seeking advice from a qualified financial advisor can provide valuable insights and personalized recommendations tailored to your specific financial circumstances and goals. They can assist you in navigating the investment landscape and making informed decisions to optimize your portfolio returns over the long term.