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Thread: Can I increase or decrease SIP amount?

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  1. #1
    Moderator CONFUSED's Avatar
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    Quote Originally Posted by vijaygawde View Post
    - 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.

    - Or I need to start another SIP for the same amount.
    As already said, you can start a new SIP with new SIP amount.
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    I am speaking from experience and my own personal views above - I am not an advisor, nor an expert.

  2. #2
    PolicyWala NewBie
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    Quote Originally Posted by CONFUSED View Post
    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.

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