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Dear Ranjan Ji,
One of my friend invests in a new fund Reliance Infra Equity. The fund is giving negative return and this is hardly 6 months old.
I suggest him for not investing, rather invest in good fund like HDFC top 200, DSPBR Equity etc., but his agent says that as the fund is new so it has immense potentiality to give good returns and as HDFC etc are very old so it does not have that much ability to give good return.
So, is it advisable to invest in NFOs or in age old fund that exists above 5 years in market?
Please advise.
Yours faithfully,
S.Das
@S.Das sent a mail to you. Thanks