Will you invest in Religare PSU Equity Fund?
Well, that is the question Moneycontrol.com is asking to its readers on there Mutual Funds page. I personally do not have the answer to that question, but lets see what the investors have to say on this subject. Before that why not take a look at the fund itself.
Religare PSU Equity Fund is an open ended equity scheme which will invest in equity and equity related instruments in the PSU sector. Mr. Pradeep Kumar will be the Fund Manager and this equity scheme is now available in the market. The issue opened on the 29th September 2009 and will close on the 28th October 2009. Entry Load for this scheme is zero however your agent may charge you separately for his service.
I just now checked the results of the poll on the moneycontrol.com website and I found that 58% voters have voted against this fund saying no. I do not understand as to why so many people are against this fund. I personally feel that investing in the PSU sector for a very long term will definitely result in profits. Those who wants to invest for a short period of time may choose a different fund. The PSU sector is well diversified in all business such as telecom, steel, metals, engineering, etc.
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