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Q.

I recently invested in SBI Magnum Global fund. I received my first statement saying the first SIP amount of 1000 was deposited and units were purchases on 9th January 2007. I was expecting next month's statement on 9th of February. But I have not received the statement yet.
Can somebody help me with what will be the reason for this?

Tags: february, will, reason
Asked by kalyani, 16 Feb '07 08:17 am
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Answers (6)

1.

Hello.My advice for your long term investment would be these fund schemes.These funds are Equity linked and have delivered good returns when the market has gone up and sustained the bad periods of the market since its inception.Hence they are the proved ones.They are tax free for upto 1Lac rupees invested in them.Equity linked Mutual Fund earnings are Profit (or) Loss earnings and not interests (or) fixed income earnings as in case of Balanced (or) Debt Funds.Try to invest in 3-5 schemes if you can to diversify your portfolio.They are 1)SBI Magnum Global-G(Blue Chip),2)SBI Magnum Contra-G(Midcap),3)Franklin India Prima-G(BlueChip),4)Sundaram Select Midcap-G(Midcap),5)Reliance Vision-G(Midcap),6)HDFC TOP 200(BlueChip),7)HDFC Tax Saver,8)SBI Magnum Multiplier Plus-G(BlueChip),9)SBI Magnum Taxgain-G,10)HDFC Equity-G(LargeCap)
You may invest in any of these funds for your long term plan(above 5 years atleast) and you will surely get good returns.Remember invest 60% of your investments in ...more
Answered by Abdul Rehman, 18 Feb '07 07:53 pm

 
  
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2.

You can call them up, give them your folio number and ask them to send your statement. they will do it. Or ask your broker to do the same.
for more info and investment mail me at agranee@gmail.com
Answered by Amit Kumar, 16 Feb '07 08:36 am

 
  
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3.

You will not be receiving statements on a monthly basis. You will be receiving statement on an half-yearly basis. Further, you can check the amount deposited from your withdrawee bank account.
Answered by nitin ahuja, 16 Feb '07 08:23 am

 
  
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4.

Check your email
write to them
they may not be sending statements every month
Answered by anil garg, 28 Nov '09 01:50 pm

 
  
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5.

Mannum Global has one of the best record in the past five years you can track it at moneycontrol.com and it is now one of the biggest gainer you can also look at http://money.rediff.com/money/jsp/markets_home.jsp ,if you give your mobile number they can alert you monthly if not by mail it may be semi annual.
Answered by Lalremliani, 21 Oct '09 11:23 am

 
  
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6.

I lost 3 lakhs in last ten month dear i fear no w
Answered by Dinesh C S, 27 Jul '09 12:39 pm

 
  
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