Suggested InvestmentHorizon: >3 years
Time taken to doublemoney: 2.3 YearsInvestors in the fund locked in for three years have lost an annualised 1.14% over the period.
Existing unitholders have an option to exit at the prevailing NAV, without exit load, from December 18, 2020 to January 18, 2021. Compared to peer groups, the fund has been a poor performer, said Vineet Nanda, Founder, Sift Capital. Investors could move out to quality funds to improve their portfolio returns.
Advisors believe three years is a long time given that the fund has been investing in a wide range of sectors and investors could move out. It is hard to believe that a scheme will perform now, if it did not do so for the last three years, said Vidya Bala, co-founder, Primeinvestor.in