Tata Hybrid Equity Fund (erstwhile Tata Balanced Fund) has returned 2.65 per cent in the last one year. The scheme was severely underperforming its benchmark and category in the same period. It ranked 96 among 102 equity hybrid schemes available in the market. The scheme is lagging its benchmark and category even in two- and three-year periods. Is it time to dump Tata Hybrid Equity Fund?
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