|Chennai||Rs. 28730.00 (1.13%)|
|Mumbai||Rs. 29740.00 (-0.13%)|
|Delhi||Rs. 29200.00 (0%)|
|Kolkata||Rs. 29350.00 (0%)|
|Kerala||Rs. 28000.00 (0%)|
|Bangalore||Rs. 28400.00 (0%)|
|Hyderabad||Rs. 28470.00 (-0.11%)|
Many of my friends have redeemed their equity mutual fund holding and invested in tax-free bonds. I am also tempted to do so, as I have not made money in the funds I have been invested for in the past four years. And, these bonds are giving nine per cent returns. Please suggest.
One should create their asset allocation based on risk profile and time horizon. This allocation should generally cover all major asset classes, which includes equities and fixed income instruments. Any shift in weightage in the allocation from one asset class to another should only be done after proper deliberation.