If we start investing in mutual funds as SIP. And after, a few months we find it difficult to continue in it. So my question is, can we stop our SIP without any loss in it.?
Welcome to LearnVern! We are happy to serve you.
SIP investments are commitments that an investor makes to one’s own self and their future financial well-being.
They are not obligations made to the mutual fund companies. So, if you decide to temporarily suspend your SIP investments, there will be no penalties imposed on you.
However, your bank may charge a penalty if a debit request from the asset management company (AMC) cannot be honored due to lack of funds in your account.
For this reason, it would be good for you to stop the SIPs for the time being and restart them as soon as your financial situation improves.
We hope our reply serves your query well.
Thanks and Regards,