I was new to Mutual Funds . Did I make a mistake ?
I was an NRE and I invested all my hard-earned savings into Mutual Funds last year. I wanted to start a Fixed Deposit, but my Bankers advised me to invest in Mutual Funds . On 12th of December 2007, I invested 9-Lakhs into different MF's as suggested by my agent. Unfortunately, the market started declining within a few weeks and my earnings have been reduced to less than 6-lakhs now. I was new to this field and now I an confused. My agent asks me not to withdraw the funds now, but I am not convinced. Will I ever get my money back ? Could anyone please advise.
1 Franklin India PRIMA PLUS - GROWTH : 2 Lakhs
2 SBI Magnum Comma Fund : 1 Lakh
3 DSP Merryl Lynch India T.I.G.E.R Fund : 2 Lakhs
4 Reliance Growth Fund : 2 Lakhs
5 TATA Infrastructure Fund - Growth : 2 Lakhs
I was an NRE and I invested all my hard-earned savings into Mutual Funds last year. I wanted to start a Fixed Deposit, but my Bankers advised me to invest in Mutual Funds . On 12th of December 2007, I invested 9-Lakhs into different MF's as suggested by my agent. Unfortunately, the market started declining within a few weeks and my earnings have been reduced to less than 6-lakhs now. I was new to this field and now I an confused. My agent asks me not to withdraw the funds now, but I am not convinced. Will I ever get my money back ? Could anyone please advise.
1 Franklin India PRIMA PLUS - GROWTH : 2 Lakhs
2 SBI Magnum Comma Fund : 1 Lakh
3 DSP Merryl Lynch India T.I.G.E.R Fund : 2 Lakhs
4 Reliance Growth Fund : 2 Lakhs
5 TATA Infrastructure Fund - Growth : 2 Lakhs