Can I invest Rs 1 Lakh in SBI Magnum for quarterly dividend

I am a senior citizen. Want to invest 1 Lakh in an open ended MF which gives quarterly dividend and can also withdraw the MF when needed. Some body has suggested SBI Magnum. Is it okay?

Dec 4, 2016 by Rita Dass, Kolkata  |   Mutual Fund

In your query you have not mentioned the fund name and has only mention SBI Magnum. Please note that there are a number of funds from SBI Mutual Fund stable starting with SBI Magnum.

However, a little bit of research shows that SBI Magnum Balanced Fund has been giving quarterly dividends since last 4 years. Please check this https://www.advisorkhoj.com/mutual-funds...

SBI Magnum Balanced Fund is one of the top performing funds in the balanced fund category and may be suitable for retired individuals like you, looking for regular payout in form of dividends.

https://www.advisorkhoj.com/mutual-funds...

Thanks for writing to Advisorkhoj.

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