Should I continue with SBI Magnum Contra Fund? Anakana, 06 Dec 2012

I was having SIP of Rs.1000 with SBI magnum contra fund. But after 3 yrs. The value has come down to more than 5% .Should I continue with the SIP

Fintotal Answer

SBI Magnum Contra fund is a mid cap fund and has been a poor performer. It is time to exit the fund and invest in a better mid cap fund like IDFC Premier Equity or a good large cap fund if this investment is meant for important goals like retirement funds, child's education etc. Refer to our recommendations and read fund reviews at http://mutualfunds.fintotal.com/

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