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What should I do with my investments in HDFC Equity Fund?

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Last Updated: Mar 25, 2020, 10.11 AM IST
I have investments in HDFC Equity Fund (G) . I have around 100 units with an average price of Rs 627. Since the market is going down nowadays, what should I do?
-Sarang Duggal

You have not mentioned many crucial details like your goals, horizon, risk profile, etc. Without these details, it is not possible to offer a personalised response.

Here are some general pointers.

One, you should not do anything to your existing or ongoing equity investments based on the prevailing market conditions, especially if your financial goals are far away. However, if you need the money in a few months to take care of an immediate financial goal, you need to assess your situation. Do you have extra money in your liquid investments like bank deposits and debt mutual funds to take care of the goal? Can you postpone the goal? If your response is yes, you can continue with the goal. If you need the money, you should try to sell your investments to protect whatever you have. This is the reason why most mutual fund advisors ask investors to move money from equity to debt at least two to three years before the goal. This will ensure that a sudden downturn in the market would not hit your plans adversely.
(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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