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Thread: Withdrawal - SBI Magnum Tax Gain – D fund

  1. #1
    PolicyWala Newbie
    Join Date
    Apr 2009
    Location
    Navi Mumbai
    Posts
    15

    Default Withdrawal - SBI Magnum Tax Gain – D fund

    I have one query regarding withdrawal. I invested in SBI Magnum Tax Gain – D fund 3 yrs back. I had opted for monthly premium. Now, as 3 years locking period is over, I want to withdraw money. How much amount will I get back? I heard that the complete amount will be paid only after the 3 years of last premium paid (i.e 9 yrs from the date of investment). Is this true?




  2. #2
    Administrator
    Join Date
    Apr 2009
    Location
    Chennai
    Posts
    255

    Default

    Each and every SIP needs to complete 3 years then only you can withdraw it. So you can withdraw in SIP manner. First in first out way. (9 years from date of investment is not right.)
    You will pick up maximum wrong numbers when on roaming.


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