Can I increase or decrease SIP amount?

I have been investing Rs. 500 + 500 for two funds though SIP for last six months. Now after seeing the returns, I wants to increase it to 1000/month.
- Can I increase or decrease my SIP amount for MF?
- Or I need to start another SIP for the same amount.

Please advise.

Quote:

---

Originally Posted by vijaygawde

- Can I increase or decrease my SIP amount for MF?

---

I am afraid you cannot. But you can stop it any point in time. So close the old SIP and open a new SIP.

Quote:

---

- Or I need to start another SIP for the same amount.

---

As already said, you can start a new SIP with new SIP amount.

Quote:

---

Originally Posted by CONFUSED

I am afraid you cannot. But you can stop it any point in time. So close the old SIP and open a new SIP.

As already said, you can start a new SIP with new SIP amount.

---

It is strange that you cannot increase/decrease the existing SIP, but you need to close it and start another. :mad: