Re­visit Your Needs Be­fore You Stock Up On New Of­fers

The Economic Times - - Companies: Pursuit Of Profit Catch The Signal: Gea -

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.

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