They would tell you which schemes to invest, but most of them would never tell you when to sell a badly performing `big' mutual fund scheme. You would hear similar complaints from mutual fund investors these days, as many iconic funds are struggling to keep pace with their benchmark and indices.
Investors would point out how their advisors struggled to offer a concrete answer when HDFC Equity Fund, the largest mutual fund scheme in the country, was performing badly for a year or two. Many advisors are tight-lipped about the underperformance of other icons like DSP BlackRock Micro Cap Fund or ICICI Prudential Value Discovery Fund. ET.com Mutual Funds spoke to some mutual fund advisors to find out how they approach the issue of dumping the bad performers.