I have selected these funds – Birla, HDFC Top 200, DSPBR and SBI Magnum. The last one is not doing so good. Should I exit and switch to HDFC Top 200?
We would strongly suggest that you should look at more than just short-term performances. The whole idea of buying four funds is that if one of them is not doing well, the others will. If the markets were to go down and Magnum being well prepared for the decline would do much better.
You have managed to diversify across fund managers, styles and funds. And that is the proper way of looking at it. You should not be making a change just because the fund has not done well in the past three years. It has a performance history of 10 years and there may be bad patches here and there.
So, hold on. If such an underperformance is a prolonged thing then you should be getting worried, but three months of relative underperformance is too short to base an exit decision on.
Also, it is not that Magnum Contra has not risen, it’s just that it has not gone up as much as others have.
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