Can I modify my SIP amount?
Yes, you can anytime check your returns with SIP investment calculator and increase or decrease the SIP amount
Can I pause my investments in a SIP?
Yes, mutual fund companies also provide the option of pausing your SIP investments up for a specified period.
Can I renew a SIP?
Yes, you can renew a SIP automatically. Companies also give you the option to cancel this auto-renew feature.
What is the maximum tenure of a SIP?
There is no maximum tenure of a SIP. You can invest as long as you can. The minimum tenure you can go for is 3 years.
What are the types of SIPs available?
Different types of SIPs are available in the market like –
Top-up SIP: A top-up SIP enables you to increase the investment amount automatically at specified intervals at a particular amount or percentage.
Perpetual SIP: A perpetual SIP enables you to keep investing as long as you wish to without any end date.
How much can I invest in a SIP?
There is no limit to the amount you can invest in a SIP. The minimum amount that you can invest is Rs. 500 per month. (With the exception of SBI Small Cap Fund).
Do SIP allows only equity mutual funds investments?
No, you can invest in debt and hybrid mutual funds through SIP.
Are SIPs similar to mutual funds?
People often tend to think of SIP as either mutual funds or different than a mutual fund. The fact is that SIP is just a style of investment and not a fund/scheme or a stock/investment avenue. It is an investment vehicle to invest periodically in a fund/scheme of your choice.