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No Magnum Opus

Exit Magnum Multicap as performance, ratings continue to decline

I invested in Magnum Multicap Fund (G) in 2008. Since then its performance and ranking have plummeted. Should I hold on to or exit this 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 better alternatives in the multi-cap category: DSPBR Equity, Reliance Regular Savings Equity, Tata Equity PE and HDFC Equity.

Returns of Magnum Multicap
	Returns (%)
	2009	2008	2007	2006
Magnum Multicap	81	-57	46	43
Category Average: Multi-cap	82	-55	61	35

This article was originally published on August 09, 2010.

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