India's stock market is shining, the NAV of mutual fund (equity oriented) I invested in is increasing but I am loosing money. Could you help me understand what could be the reason for this inverse relationship?
8 Answers
Hi,
May I know your Mutual Fund Scheme name? (What type of plan have you opted for ? Growth, Dividend,SWP,STP etc., )
ICICI bluechip focused mutual fund ( direct, growth) and HDFC balanced mutual fund ( direct, growth)
ICICI Bluechip focused equity mutual fund - growth, direct AND HDFC balanced mutual fund - growth, direct
Hi,
Kindly check the average Cost price of your investment (Avg NAV) to that of the current NAV.
If your cost of investment is less than the latest NAV that means you are making a loss.
Hi,
(Based on your PRIVATE reply..)
Your cost of purchase is more than the current NAV, that is the reason for your un-realized losses.
For ex- If your avg cost is Rs 10 and the current NAV of that fund is say Rs 9, then your un-realized loss is Rs 1 per unit.
Hi,
(Based on your Pvt reply).
If your avg NAV is more than the Fund's Current NAV, you are making gains right?? Is n't that your money (capital investment) is growing?
I am thinking of investing 1-1.5 lakhs in Diversified mutual fund for a period of 5 years. Could you advice which diversified mutual fund are best to invest in?
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