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Redemption and Reinvest

I had a SIP on Reliance Growth from Jun 2006 till May 2009. Now as the performance is not upto the expectation, i would like to deply my investments in a better performing fund.

What should my strategy:

1. Redeem and reinvest in a equity fund all the money in one shot (or)

2. Redeem and invest in debt fund and do a STP to an equity fund

Any other suggestons?

Thanks.

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