Is it right time to invest in Banking mutual funds?

[sandeep729]

considering the stocks of banking sector on a decline, is it the right time to invest in lump sum in banking sector mutual funds?

Among Reliance banking and Religare banking fund, which fund is better?

happy investing

 

[drsambu123]

Yes u can invest. beware of risks associated with sector funds. Dont allocate more than 10% of ur assets.. Though correction happened, further downside cannot be completely ruled out.. So keep partial amount for further downside....
Reliance banking retail is better option.
Gold also in corrective phase.. If it goes another 5% down we can consider investing in it

 

[drsambu123]

PSU banks-Bleak outlook
http://www.valueresearchonline.com/story/h2_storyview.asp?str=17481

 

[lindadale]

Yes today surely is a very right time to invest in a banking mutual funds as per today's financial condition.I am also in a way to invest with axis bank and lets hope that i get some best returns.

 

[poortrader]

for one time investing, which is akin to timing the markets, compare historical book value and PE of Bank nifty and see the PE and BV near bottoms in banknifty. at present it is much higher than the bottoms.

 

[raviDsai]

I have just answered a similar question few minutes ago so below is the link where you can find my answer:

http://www.traderji.com/mutual-funds-discussion-forum/92579-banking-sector-funds.html#post949656