I have invested in HDFC TOP 200 mutual fund with the SIP of Rs. 2000/month, 1 year back. Now I want to increase amount of investing by 500 Rs. per month. Can I invest in same fund by top-up or need to take another SIP of same amount?
Mutual Fund SIP increase possible or do I need to take another SIP?
I have invested in HDFC TOP 200 mutual fund with the SIP of Rs. 2000/month, 1 year back. Now I want to increase amount of investing by 500 Rs. per month. Can I invest in same fund by top-up or need to take another SIP of same amount?
Some MFs offers increase in existing SIP e.g. Birla Sunlife Mutual fund and ICICI Prudential Mutual Fund. It is called as "Step up SIP".
Or you can do it by online with provider like fundsindia.com. Here you need to to print and sign the ECS mandate and send it back to fundsindia.com.
Everyone has a scheme of getting rich.. Which never works.
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