Should I continue to hold my investments in Aditya Birla Sun Life Pure Value Fund?

I had invested a lumpsum of Rs 1 lakh in Aditya Birla Sun Life Pure Value Fund in January, 2018. The current value of the investment is Rs 70,000, a loss of Rs 30,000 in just 1 year and 8 months. Should I continue to hold my investments?
--Aditya Roy

Jitendra Solanki, Founder, JS Financial Advisors, responds:

You are investing in a value fund which follows a value-oriented investment strategy. The scheme picks up stocks that are generally trading below their actual value or the shares of the company that are not reflecting their true growth potential.

Such stocks deliver good returns in the long run, but may underperform even during a bull market. So, to be rewarded from this strategy, you have to consider a longer horizon. Two years is a very short period to evaluate a value fund. If you are patient enough to wait, you can continue. If not, you may consider switching to diversified equity mutual funds.