<p>I surely understand your concern. Let me tell the reasons why it doesn&rsquo;t make sense to make changes to your investments currently.</p>

<p>&ndash; Every fund is different. The philosophy of a particular fund and the underlying investments could be different as compared to other funds. This may result in differential performance during a given period of time.</p>

<p>&ndash; We also cannot compare a midcap fund with a large cap and vice-versa. It may so happen that there is a recent rally in the large cap stocks and so your midcap fund may show under performance when compared with large cap. We need to compare apples to apples.</p>

<p>&ndash; Sometimes, you may even notice that your fund is not performing when compared with the peer group. While this definitely needs review but it may not be the reason enough to exit from your fund and invest elsewhere. Ideally, one needs to wait for at least 3 years before deciding to exit. If a particular fund is under-performing the peer group year on year basis for 3 years, it is signal to exit from the fund.</p>

<p>&ndash; Mostly, the fund recovers after a few bad quarters. Fund managers regularly reviews the portfolio and if required, they change the underlying investments. This may reflect in improved performance going forward. So, one should wait a little longer.</p>

<p>&ndash; It is rare that a particular fund is always on the top. Their rankings keep on changing. It might so happen that if you exit an under-performing fund and enter a top performing fund, the situation reverses in the next few quarters and your previous funds becomes a top performance and the new fund under-performs. So, one should not be in a hurry to exit.</p>

<p>&ndash; We should also consider exit loads and taxes before exiting a fund.</p>

<p>&ndash; I am regularly reviewing your portfolio and if required, I will suggest when to make necessary changes</p>