I have invested 2000 in SBI magnum tax Gian Fund?

I have invested 2000 in SBI magnum tax Gian Fund ..i want to know whether it is a safe investment and can i get a higher returns..this is a SIP which

Yes it safe and good too. SIP is a good form of investments in mutual fund, it gives us the benefit of Rupees cost average over long period of time. You have invested in ELSS( Equity linked saving scheme) which has a lock in period of 3 years. Realistically, you can expect CAGR ( Compounded annualised growth rate )of 20-25% over 3 years. It could be higher also provided the stock does well and at the moment it is doing well.
I understand that this invetsment has been made to avail of the tax benefit under sec.80C. If you are not making investments for tax benefit than it is better to have SIP in a non ELSS fund, where you do not have a lock in period of 3 years.

Most of the SIP's are safe, not very high returns, keep monitoring, about two years is minimum for reasonable appreciation: right now no chance of serious flops!

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