I have stopped SIP in the following mutual funds in March 2011
1. Reliance Growth
2. Kotak Opportunities
3. Sundaram Select Midcap
All these funds have dropped in performance & have moved down in rating ( as per ValueResearchOnline) over the period of last 6-9 months. So I stopped the SIP in all these funds.
I am holding @ 500 units of each of these funds. I am in confusion.
What I should do with existing units, should I sell them (bear the cost of exit loads) & invest the amount in other better performing funds
OR
Should I wait for 1 year(i.e. March 2012) so that I don’t have to pay exit load & then sell & invest the amount later.
Please advise.