Revisit Your Needs Before You Stock Up On New Offers
Investors are spoilt for choice, when it comes to the primary market in November. There is a flood of IPOs as well as new fund offers. The IPOs include Mahindra Logistics, Khadim India, New India Assurance and HDFC Standard Life Insurance. In mutual fund products, they have new fund offers from Axis Multicap Fund, an open ended equity fund, Bharat 22 ETF, managed by ICICI Prudential Mutual Fund and HDFC Housing Opportunities Fund, a 1,140-day closed end thematic equity fund. Wealth managers recommend investors to consider their existing portfolio before adding new products. “Take a long-term view of three years and treat each offering on its own merit. Invest in a new product only if there is a gap for such a product in your portfolio,” says Amol Joshi, founder, Plan Rupee Investment.