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Seeking Investment Advice: Can I Invest 3 Lakhs in SBI Magnum Children's Fund?

Milind Vadjikar |1017 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Feb 15, 2025

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more

Question by Preetham on Feb 14, 2025Hindi

Money

i have 3 lacs in hand and I am planning to purchase sbi magnum children's pls suggest

Ans: Hello;

There are two types of this children's benefit fund:

1. Investment plan
2. Savings plan

In which of these do you plan to invest and what is your time horizon ?

Please provide these inputs so as advise suitably.

Thanks;

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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