Dhanashree Bhadke (District Account Manager) (34 Points)
23 August 2016I invested in mutual fund and monthly installment is Rs.2000/-. Now 42 installments I have paid. My question is the current cost is Rs.54000/- and current value is Rs.57979.41/- and NAV is Rs.75.2650. should I quit from this or wait? I want to closed this SIP. but what is Breack even point at which there is no profit no loss.
Piyush
(VC)
(26 Points)
Replied 23 August 2016
Yes,you are thinking right ! As per your NAV. you should close this. Becuase you are on little profit but more than this not possible. So you should close it.
gupta
(Accountant)
(305 Points)
Replied 29 August 2016
I think you question is incomplete , you have not mentioned which scheme you have made investment. There is no ratio/ equation to leave or stay a scheme. If you think that the profit you achived is ok then you can quit. You need to close watch about the scheme how it is running if it is not running good but if you think it will go well near future then stop your SIP and stay that scheme.
Hope it will help you to take your decision.
Best of luck
Jayanta
NRI Sathya
(CA)
(22 Points)
Replied 24 November 2016
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