Is it good for the long term? Any other alternatives?Asked
A sector fund is a mutual fund which invests in stocks of companies that operate in a particular industry or sector of the economy like Banking funds, Pharma funds, FMCG funds, etc.
Key points for L&T Infrastructure Fund is:
If you are looking to investing in sector fund, ICICI Pru Exports and Other Services Fund is not among the best sector fund available in market, but is doing average in term of performance. With implementation of GST and with the make in India initiative by Indian Government, this sector bound to grow in future.
But, if you are looking to start investing from long term perspective, sector funds are not a good choice as their performance vary a lot. Sector performance depends a lot on macro factors specific to that sector like in infra government push is a big factor for infra sector to perform.
Some other good sector fund options are: