NFO Closed ended funds investment

Q & A Forum › Category: Investments › NFO Closed ended funds investment

manojss84 asked 8 years ago

Hi Sreekanth, I am planning to invest in Close-ended equities in the following funds ICICI Value Fund - Series 19 Cumulative for 1262 days ICICI Value Fund - Series 20 Cumulative for 1210 days Would you recommend to invest in the above funds as i have been already investing 25k pm in Mutual Funds.

3 Answers

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Sreekanth Staff answered 8 years ago

Hi, May I know the MF scheme names that you have invested in? Presonally, I stay away from NFOs. Suggested readings : https://freefincal.com/here-is-why-you-should-not-invest-in-closed-ended-mutual-funds/ https://financialsafari.wordpress.com/2018/01/19/icici-value-fund-series-20-nfo-is-on-should-you-invest/

manojss84 replied 8 years ago

I invested Rs 1 Lakh in ICICI Value Fund – Series 19 Cumulative for 1262 days

I was thinking of investing Series 20 as well but as per the above blog that you suggested, i think i made a wrong move.

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manojss84 answered 8 years ago

I invested Rs 1Lakh in ICICI Value Fund – Series 19 Cumulative for 1262 days .. Would you recommend investing in Series 20.. But as per the above blog, i think i made a wrong move

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Sreekanth Staff answered 8 years ago

Hi, Personally, I prefer not to invest in Close ended equity schemes/NFOs.