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Fund query: Are thematic mutual funds a good fit for you? - The Hindu BusinessLine


Fund query: Are thematic mutual funds a good fit for you?
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I invested ₹2 lakh in HDFC Housing Opportunities Fund during its launch in January 2018. The fund has performed poorly till date. Now, it is being converted into an open-end fund from January 19, 2021. Existing investors can either stay or move out by exiting by this date. Can you kindly advise the best course of action in this regard? I am a 70-year-old retired senior citizen.
RK Gaur
It would be best to redeem your investments in the fund. If you do not specifically opt for exit, your investments in it will continue by default as it converts into an open-end fund. We have three reasons for our recommendations. ....

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