Can I invest in SBI Magnum Multicap Fund for 25 years?
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Ashish Modani, Founder, SLA Financial Solutions, responds:
SBI Magnum Multicap Fund is a simple plain fund and all simple funds are good for long term investment. I won't be able to say whether it is the the best fund for you because you have not mentioned your risk profile and financial goals.
As your investment horizon is 25 years, your patience will be tested. Your fund will go through many ups and downs. There will be many years when the returns could be negative. If you continue to invest for 25 years, your fund will definitely give you good returns.