Should I hold on to Reliance Vision Fund?

I have invested a lumpsum of Rs 1 lakh in Reliance Vision Fund a year ago. I am facing a loss of 24 per cent. Please help me.
-- Viswanath Kadiyala

Reliance Vision Fund has been underperforming both its benchmark and category in the short and long-term horizons. For example, it is faring badly vis-à-vis its benchmark in one-, three-, five- and 10-year horizons. The large and midcap category has also fared better than the scheme during these periods.

It is not clear why you have invested in the scheme a year ago. If you are not familiar with mutual funds, it would be a good idea to seek the help of a mutual fund advisor. An advisor would be in a better position to offer you a suitable scheme after obtaining more details from you. Do not gamble with your money. Choose mutual funds carefully – choose the ones that are in line with your goals, investment horizon and risk profile.