Q.Dear Raghav, It is Bharti AXA Equity Fund, worth investing in?
A:Though Bharti AXA Equity Fund comes with a strong foundation (in terms of promotors and linage),I will not invest in the fund at this point of time, wait for atleast 2 full quarters and then decide on investing in the fund or not.There are a lot of good equity funds with beaten down NAV's that one can choose from, to invest right now,so why go for a new fund at this point?
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Q.Should I subscribe to Hindalco rights @ 96?
A:Hindalco closed at 99.35 on the NSE on Friday and there is a strong possibility that you could get it at 96 odd levels in the next 2/3 days. Unless, Hindalco closes above 107 before the end of this week, the stock will continue to remain weak. In such a scenario, its best to wait till the last day of the issue and then take the final call based on the market movement of the price.
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Q.I have 150 PNB at an average cost of 600, I can hold on for a year more.What should I do?
A:Hold on, you'll see a reasonable return on your investment, before your year is over.
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You can mail your queries/questions on adv...@raghavs-picks.com
Yours truly,
Raghav @ Raghav's Picks
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Raghav's Picks Sunday Newsletter 28-09-2008.pdf
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