I 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.
Menu
Investment in mutual fund
Replies (4)
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.
Thanks sir
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
Short Term Capital Gains on sale of shares and Mutual Funds &
Long Term Capital Gains on a sale of shares and Mutual funds and Real estate Investments in India ,USA & Australia.
Discuss with experts to the proper solution.
Visit : https://nritaxation.com.au/Investment.php
Contact: https://nritaxes.com/contact_us.php
Recent Topics :
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
- Dividend from co-operative society
Related Topics :
CAclubindia
