I am planning to invest 20000 in SBI magnum tax Gain Fund?

I am planning to invest 20000 in SBI magnum tax Gain Fund ..i want to know whether it is a safe investment and can i get a higher returns.. i am investing for three years or should i gor for SIP of 1000 per month ,please suggest

the answer is complex, but let me try

the answer depends on

your age
your financial goals
your tax liability

assuming you are looking at fulfilling a goal within the next 3 years you have chosen a medium time horizon and hence the risk level is medium to high (for equities). so if the goal is very very important and this Rs 20000 represents more than 10% of your networth - avoid equities

magnum tax gain fund is one of the highly rated funds in the elss category.

also from your question I think you have this 20000 already and hence you would be better off investing it in a lumpsum (while understanding the risks involved)

sip is a better option for regular income investment.

also assuming that you have not already used up the 100000 limit under 80c in other investments.

Hi Manid,

I have what I think is a great trading system for you.
Unfortunately this system comes with so many problems that you probably won't be interested in it....

First, you don't ever have any losing days with this system and we never use stops so there are no losing trades.

Second, you don't use any charts and I know how much most folks love charts....as much as I used to love them.

Third, it only takes 30 minutes a week to trade. I know that you guys devote your lives to trading so this system "just won't do it."

Fourth, it only makes about 20% a month in profit so it will double your money every 3 or 4 months.

Fifth, it's not a directional trading system so it makes money in all markets whether the price goes up or down.

I was going to tell you about it but because it has all these problems, I won't bother you with it. I'm sure you wouldn't pay any attention to it even if you knew about it.

Paul Upp
http://www.15daytrial.com