Planning to invest in SBI Magnum FMCG Fund .. Please advise

Originally Posted by ranga2727

Hi

Please let me know if it is the right time for investing in mutual fund sector .. Planning to invest for 5-8 years and hold as much i can..

I did my own analysis and found this fund is showing some good return.. Please suggest , whether i can invest in this for long term..

Thanks again for your help...

SBI Magnum is among the better funds ... If you are going to gain on Tax saving, then yes, its a very good option ...

Now is a fair and good time to invest in. But, make sure to exit when the Nifty P/E peaks to 24 or above ... Mutual Funds don't perform well after Nifty peaks ...

actually its not for tax saving purpose... just wanted to keep it for some time...

Originally Posted by ranga2727

actually its not for tax saving purpose... just wanted to keep it for some time...

Its best with tax saving ... Else, keep it as another option to diversify your investment