New Delhi, Aug. 6 -- Not every investment that has delivered poor returns deserves to be sold. But some investments quietly stop serving the purpose they were bought for, tying up capital that could potentially earn better returns elsewhere. Wealth managers refer to these as "dead investments" or "dead money"-assets that continue to occupy space in a portfolio despite offering little value.

Experts say investors should periodically review their portfolios to identify such investments instead of holding them indefinitely out of hope.

A dead investment isn't simply one that has fallen in value. Rather, it is an investment that no longer helps an investor achieve their financial goals.

"A dead investment could mean an asset that has not b...