As long term investment alternative, I am investing in Direct Growth Franklin India Bluechip Mutual Fund. But looking at its NAV since last one year, I feel that it is not giving good returns. If I switch to debt MF for assured returns and return later to equity fund when the market is up, then I can increase my returns. What do you say over this?
Switching will mean that you first need to redeem your existing fund and then re-invest in debt fund. In addition, there will be exit load. Perfectly judging the market timings is a herculean task.