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?
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
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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.