I had invested in SBI Magnum Multi-Cap Growth and UTI Leadership funds. The investments would complete three years in March, 2010. Should I exit?
Both these funds had been launched in the period when stock markets were rising. The Leadership Fund has a very clearly defined strategy to invest in leading companies.
However, there are weaknesses in the performance of both these funds. You invested in 2007 when the markets were on a high and the subsequent crash wiped out a lot of investors’ money. However, today those losses have been recovered to a large extent.
But there are better options than these two funds. And that is why you need to change your investments and as such, you should bring out your money from these funds.