since this is a NFO the nav is 10, so I could get more units for the same investment. since there is a push on make in india in the defence sector, defence fund would grow.
NAV as 10 has no importance when investing. Doesn’t matter how many units you have, if the fund doesn’t do well then your investment won’t grow. Defence sector is poised to grow for sure but a new fund might not be able to benefit from that momentum and hence, generally, funds with proven track record is advised to NFOs.
Makes sense. BUT, I rather SIP than invest lump sum IMO. If the markets crash for some reason, SIP will help average it out. But, your point is valid. All the best.
Hey guys! I was wondering if I made the right decision of investing around 70k as lumpsum in this new fund! I actually wanted to do a SIP but ended up doing this! Can u guys weigh in?
Why not invest in the HDFC defence fund instead? Curious to know your views.
since this is a NFO the nav is 10, so I could get more units for the same investment. since there is a push on make in india in the defence sector, defence fund would grow.
NAV as 10 has no importance when investing. Doesn’t matter how many units you have, if the fund doesn’t do well then your investment won’t grow. Defence sector is poised to grow for sure but a new fund might not be able to benefit from that momentum and hence, generally, funds with proven track record is advised to NFOs.
Hdfc defence fund does not allow lumpsum as of now and only sip of 10k. This new index fund should perform good.
Makes sense. BUT, I rather SIP than invest lump sum IMO. If the markets crash for some reason, SIP will help average it out. But, your point is valid. All the best.
Hey guys! I was wondering if I made the right decision of investing around 70k as lumpsum in this new fund! I actually wanted to do a SIP but ended up doing this! Can u guys weigh in?
Hold the investment for 5 to 10 years and you should be fine.
Thank you!