What is a good time to exit your investments?

Gautam had invested in a few equity mutual funds for the long-term. He did not monitor the performance of the funds regularly, and they turned out to be a mixed bag. The markets have been quite volatile of late, and his funds' NAVs have not gained much over the past one year. He is wondering if this is the right time to exit his investments. Should he exit completely or only partially? Should he wait out the volatility and redeem only when he needs the funds?

Gautam must have mad ..

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