Using VR Ratings

I have been investing through the SIP route in Sundaram BNP Paribas Select Focus Fund since January, 2008. However I see that this fund has become a laggard amongst its peers, as well as against its benchmark. Having been downgraded, from a 5-star rating at the beginning of this year to a 3-star rated fund at the end of October, 2009. Does the fund still remain an investment grade fund? Please advise whether one should continue investing in the fund.

This article was originally published on January 12, 2010.