I had invested Rs 5 lakh in the Magnum Balanced Fund in 2008. Now that two years have passed, I am more interested in SWP. So should I go for it now or should I wait?
The market outlook remains very bright for the next two-three years and if you are optimistic about it, which we think is alright as there is nothing to be scared about the market, but there would be intermittent corrections.
As we have seen recently, there has been a decline in the market by nearly 10 per cent and Magnum Balanced would have fallen by five per cent in January itself. But as you say, it has recovered. It has been a decent fund.
The problem here is a lump-sum investment. We would say that if you do not need the money, then do not pull it out. Maybe if you have a clear time-frame of two years, then pull your money out, start doing a SWP exactly six-eight months before you need the money which would help you to average your exit from the fund. But if you don’t need the money, then it is a good fund and the worst is over.
Ask Value Research 
New episodes every Friday 
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.
