Hi,
I have sip in icici value discovery fund. But i got email from them saying change in fundamental attributes. Here they decrease the allocation in equity and increase it to debt and money markets category
and gave choice to switch or redeem units from this fund without exit load.
what should we do? Should we continue or redeem/switch?
1 Answers
Hi,
Yes, the asset allocation for Debt related securities has been changed up to a maximum from 20% to 35%.
As the investment objective and strategy is more or less same, you may continue with your investments in this fund for long-term.
Related article :
https://www.relakhs.com/best-mutual-fund-schemes-sebi-norms/
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