I invested in Magnum Multicap Fund (G) in 2008. Since then the performance and ranking have plummeted. Please advise as to whether I should hold or exit the fund?
- Rachna M Kejriwal
Magnum Multicap's objective is to invest in stocks spanning the entire market capitalisation spectrum; large cap (50-90%), mid cap (10-40%) and small cap (10%). Its past performance is disappointing and it currently holds a 2-star rating from Value Research. We suggest you redeem your units and consider the better alternatives in the same category; DSPBR Equity, Reliance Regular Savings Equity, Tata Equity PE or HDFC Equity.
This article was originally published on May 13, 2010.