Mutual Funds Buy / Sell
I started investing pretty late into MF's. Started with around 500-1000 rs per month around the covid period. I have stayed with those funds mostly equities. Till date have a decent XIRR of 30+ with around 20+% profit. (Dont even know what xirr indicates)
I am not sure whether I need to sell this funds and reinvest into another funds.
How to take that call. Any Mutual fund expert plz guide.
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Generally I tie my investments to a goal. Retirement, children education, vacation, house etc. I would have a target amount and a risk factor associated with it. For retirement I have high risk, since I have time. For kids education I have medium risk. For kids marriage high risk. For emergency fund low risk and so forth. You can derive your goals and then add risk factors for those. Google active fund/passive fund direct vs regular alpha beta sharpe ratio sortino ratio, debt/equity/hybrid/flexi/thematic funds. You should then have sufficient information to take a call.
You should continue to hold, the best thing to do is continue the sip and don’t stop it. Unless you have a need for money then you have to plan selling it in a process, use stp for that. You can use compounding to your advantage and create huge wealth.
I wonder how people spend so many years on education- but can’t take few hours/ days to learn basic finance( personal/ corporate)
I am no one to stop u from asking on open forums.. just a basic advice - Learn on ur own - u will thank urself years later ( the reference is to ur comment on XIRR)