Suggestions required on SIP in SBI Magnum Equity – Direct Growth

POSTED BY Sourav ON September 22, 2013 11:44 am ONE COMMENT

Dear Manish.

I am planning to take SBI Magnum Equity – Direct – Growth for 25 years through SIP mode with a monthly payment of Rs. 5000. In this regard, I have few questions.

1) Whether above MF will be available for 25 years ? I mean, how would I know that a given MF scheme will be available for what period of time ?

2) Can I increase the SIP monthly payment ? If yes, then how ?

3) Is it possible to stop the payment after say 20 years and let it continue for 25 years ?

With regards.

One reply on this article “Suggestions required on SIP in SBI Magnum Equity – Direct Growth”

  1. ashalanshu says:

    Dear Sorav, please opt the SIP term for 3Y as of now and later on decide the future course of action, based upon the performance till that time.

    Thanks

    Ashal

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