Should I get out of Canara Robeco Dynamic Bond Fund?

I have invested Rs 10,000 via an SIP in Canara Robecco Dynamic Bond Fund -Growth for my short-term goal of buying a new car. But the performance is in negative (-4 per cent). I would like to know whether the returns can go negative even with debt funds? Should I stay invested or shift to some other funds?
--Anil Vaniyan

Deepali Sen, Founder, Srujan Financial Advisors, responds:

Dynamic Bond Funds are one of the most volatile debt funds. One should look at it for a time horizon of at least three years plus and with awareness around the accompanying volatility in the category. Also, now the damage seems to be done. Switching out at this stage will have tax and exit load implications. So stay invested.