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Avoid Risky Beginnings

SBI Magnum Emerging Businesses has done exceedingly well, but isn't an ideal first investment…

I want to invest Rs 7,000 to Rs 8,000 a month in mutual funds. Is SBI Magnum Emerging Businesses suitable for me?
-Shankar

For a first time investor, SBI Magnum Emerging Businesses, a mid- and small-cap fund may not be the best choice considering the risks involved when investing in this scheme. If you are a first time investor, we suggest you rather start investing in a balanced fund before moving to funds from other equity category.
However, on performance, SBI Magnum Emerging Businesses has done exceedingly well and is a 5-star rated fund. Investing in this fund will require, frequent monitoring, which you should be aware of.



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