Systematic Investment Plan
A Systematic Investment Plan (SIP) is a convenient method of investing in mutual funds. Under this plan, an investor contributes a fixed amount towards the mutual fund scheme at regular intervals, and gets units at the prevailing NAV(prices).
Why should you start a SIP investment
Disciplined Savings
Small Investment Monthly (Rs.500 pm)
Cancel Anytime
Make top ups
Partial/Full Withdrawal anytime
Most frequently asked questions on SIP
What is an SIP?
A Systematic Investment Plan (SIP) is a convenient method of investing in mutual funds. Under this plan, an investor contributes a fixed amount towards the mutual fund scheme at regular intervals, and gets units at the prevailing NAV(prices).
What is the minimum amount to start an SIP?
Actually No. 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 in most schemes.
Can I stop my SIP anytime ?
Yes. SIP can be stopped / start anytime with a notice of 1 month.
What is the maximum tenure of SIP ?
There is no maximum tenure of a SIP. You can invest as long as you can.
Am I charged by mutual fund if I miss an instalment ?
No, Mutual funds DON'T charge any penalty fees for missing an instalment.
Can I withdraw my SIP amount anytime?
Yes , you can withdraw the accumulated amount in your mutual fund scheme any time at market rates. However, in case of Equity linked Savings Scheme( ELSS) there will be a lockin of 3 years from the date of investment as they provide tax benefits under 80C
Are Mutual Funds and SIP same ?
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.