Mutual Funds provide a support and help for reducing risks associated in investing in stock markets for those who do no have experience and expertise on stock market investment.
As the MF s have their fund managers who are qualified and experienced specialists in the filed, they know the various parameters, analyse and review the signals received from market and from other sources, and plan their investment strategy accordingly to safeguard their company's interest and increase revenue and profits. By being a small part of the larger investment (by buying the mutual fund units), we also get the benefits and pay a small charge for those services. However as our direct investment is limited to the units, even when losses occur we do not get big shocks, as the same is spread among various investors. For the same reason, we may get only reduced returns than when we would have invested directly in stock market.
To have some good return one should stay invested for a reasonable long term. The stock market may fluctuate every day, week after week. But as retail investors in MF, one should not panic or react to every change in the market price. Short term evaluation may not reflect the real performance. The rate of CAGR for a long period may give some trend or signal about the fund performance. If the long period (say 5 yrs) CAGR rate is more than the bank deposit rates by a few percentage points, and real return is more than the inflation rate then that can be held on.
Value MF are seen to deliver better performance in long term. So you may wait for some more time to take a quit/swap decision.
If you don't feel confident, further investments you may invest in other funds or other category funds of the same fund house.