Should I hold on to Reliance Capital Builder Fund?

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Should I hold on to Reliance Capital Builder Fund?

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Is Reliance Capital Builder Fund IV – Series D – Growth Plan performing well? I have invested in this fund but the NAV of the fund has declined. Is the future of the fund good?

— Ingtasha Namchoom

You have invested in a close-ended smallcap scheme. The scheme was launched on 12 January, 2018, and it will mature on 18 January, 2021. The scheme has lost money (returns: -10.33 per cent) since launch. The smallcap space is going through a bad phase in the last few months. The scheme may have been hit by the trend.

Smallcap schemes are meant for aggressive investors with a long-term investment horizon. We recommend smallcap schemes only if the investor is ready to take higher risk and ready to hold on to investments for at least seven to 10 years. Smallcap schemes can be volatile and risky in the short term, but they have the potential to offer superior returns over a long period. However, we do not recommend investing in close-ended smallcap schemes. We believe that open-ended schemes are always a better choice.

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