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    My mutual funds are bleeding. How long will they take to improve?

    Synopsis

    If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

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    Coronavirus

    COVID-19 CASES

    Confirmed
    10,654,533
    Deaths
    153,339
    I had invested in ICICI Prudential Balanced Advantage Fund and ICICI Prudential Bluechip Fund. The market situation is worsening because of the coronavirus pandemic. I want to know whether this situation will improve? How long it may take to improve? I have invested Rs 4 lakh in the Bluechip fund, which is now Rs 2.8 lakh. The other fund is down by Rs 70,000 and I am worried. What should I do at this point.
    Also I want to know if it keeps going down, will I lose money forever or it will grow from that lowest point?
    -Lakhwinder


    As you said, the Coronavirus pandemic is indeed creating havoc across the global markets. Sadly, the world has not faced a similar situation in the recent memory and nobody knows how the situation is going to unravel. That means, it is not possible to comment when there would be a turnaround in the market and your schemes will stop bleeding. Hope you have a long investment horizon. If yes, continue with your investments and hope for the best. Do not worry excessively. It is true that the market has lost around 30% in hardly two weeks, but that doesn't mean that it is going to fall forever. At some point, there would be a recovery. Panicking and taking hasty decisions would end up in losing an opportunity to make up for your losses. Focus on your long-term goal and hold on to your investments.
    (If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.)
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    7 Comments on this Story

    Govind Kumar299 days ago
    What is future of bank industries in india As per Mutual fund point of view
    Sudhir Gupta302 days ago
    Please don’t make people fool
    Ramam Rajolu305 days ago
    I stopped calculating the losses in my MF portfolio. If done, I may collapse after seeing the losses. I have not requested to inform me the value of my investment in Nippon capital builder fund IV /series B. Today they Informed me that the value of my fund is Rs163347/-out of my investment of 3 lakhs. The loss is Rs136653/-. The percentage of loss is 45.6. This is 2 years 3 months old. Till now no bonus is received. This is not a lone case. There are many like this. Silently we have to suffer.
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