SBI Magnum Global Fund

[skytrader]

Hi

I am new to this forum and also to Mutual funds and all.

Through ICICIdirect, in june 2006 i purcahsed MF of SBI MAGNUM GLOBAL FUND-GROWTH

48.57 units for Rs.15,000.00

Now the Total value at NAV is Rs.23,562.42

Profit - Rs.8562

Should i sell it now?

Or what should i do?

Please let me know.

Thanks
Akash

 

[skytrader]

Re: Need Help - SBI MAGNUM GLOBAL FUND-GROWTH

Non one knows? or is it a dead community?

 

[rameshk74]

Re: Need Help - SBI MAGNUM GLOBAL FUND-GROWTH

It is a bullish market right now. Don't sell it unless you are in need of money badly. The value will surely increase more.

 

[skytrader]

Re: Need Help - SBI MAGNUM GLOBAL FUND-GROWTH

Thanks for your suggestion..

 

[johnbest]

Re: Need Help - SBI MAGNUM GLOBAL FUND-GROWTH

dear skytrader

also you can book the profit in bull market and re-invest it in the bear market...
regular profit booking will earn more....

have a nice day
JB

 

[skytrader]

Re: Need Help - SBI MAGNUM GLOBAL FUND-GROWTH

dear skytrader

also you can book the profit in bull market and re-invest it in the bear market...
regular profit booking will earn more....

have a nice day
JB

I can't understand your language as i am new to stock market
Is there any easy to understand guide available to learn all about stock market?

 

[rameshk74]

Re: Need Help - SBI MAGNUM GLOBAL FUND-GROWTH

'Profitable investment in Shares' by Grewal is for beginners in stock marketing. This book also covers mutual funds.

 

[skytrader]

Re: Need Help - SBI MAGNUM GLOBAL FUND-GROWTH

Great ..i have purchased the book and going through it now..

 

[girish_maru]

Re: Need Help - SBI MAGNUM GLOBAL FUND-GROWTH

Hold The Investment. It Will Give You Good Return. BOOKING OF PROFIT AT THE TIME WHEN MARKET IS UP AND REINVESTING AT THE TIME MARKET IS DOWN WILL COST YOU. THEREFORE HOLD YOU INVESTMENT.

 

[yoogi]

Re: Need Help - SBI MAGNUM GLOBAL FUND-GROWTH

DOnt keep it idle, add some more money man. See you got almost 50% in an year. So add some more money.. (well this may not probably the best time to add some more, but you never know. Always keep adding some money, until some of your objectives (like accumulating up to 1 lack..) is achieved.