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.
I am afraid you cannot. But you can stop it any point in time. So close the old SIP and open a new SIP.Originally Posted by vijaygawde
As already said, you can start a new SIP with new SIP amount.- Or I need to start another SIP for the same amount.
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I am speaking from experience and my own personal views above - I am not an advisor, nor an expert.
It is strange that you cannot increase/decrease the existing SIP, but you need to close it and start another.
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