Frequently asked questions
What happens if the monthly amount is skipped?
There is no penalty. however, the bank may charge a fee in some cases.
Can sip be stopped midway?
Yes, it can be stopped by filing an sip stoppage form.
What is the role of SIP in real estate
In a systematic plan, an individual can periodically channel their savings into proper investments. For instance, an individual takes a home loan to buy a house. The equated monthly installment towards reimbursing the home loan is the systematic investment in the realty sector.
Can i estimate my sip return online?
You can use an sip calculator to decide the amount and duration that is right for you. always try an sip return calculator rather than finalizing a random monthly contribution amount.
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.
