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How & at what freq you will review your MF portfolio

Dear,

 I am looking for some views on the following

1)  How frequent you will review your MF portfolio?

2) How will review your portfolio i.e. will you be chucking the fund if it underform its own track index? if so for how long you need compare track index (last 6 month or 1 year or 3 year) ???? or will go by the value research online or morning star ratings (say any fund which is having rating less than 4 will be removed)????

Thanks,

Rajendran. N

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