PLEASE ADVISE ON SIP INVESTMENT OF TEMPLETON INDIA EQUITY
60SURESH wrote
Hi,
I am investing thru`SIP (for 12 months)
Rs1000/pm in TEMPLETON INDIA EQUITY INCOME FUND DIVIDEND PLAN since
Jan`08 but off late I have noticed that rating for this fund has gone
down to 3* in money control and in value research on line it is
unrated,kindly advice whether I can continue till Jan`09 or cancel and
go for better MF.
Need your valuable advice.
Rgds
Suresh
SRIKANTH SHANKAR MATRUBAI advised
Dear Suresh,
Templeton India Equity Income Fund invests largely in International funds of High Yielding Dividend Stocks. This
ia a good diversification and before the market termoil, the fund was
doing exceeding well. Its performance lately has been lacklustre due to
meltdown in stocks worldwide. Still, it has outperformed even in this
downfall. And, more importantly, its recent underperformance has also
been due to the Strong Dollar. As you may be aware, Dollar is expected
to correct very sharply to sub 40 levels which would give a BIG boost
to the NAV of the fund. As such, not only can you stay invested in the
fund but also can continue the same when the time for renewal comes up.
However, it would have been better if you had given your full portfolio for a much deeper analysis.
Best of luck,
Srikanth Shankar Matrubai
