Personal Finance Myth #38

SIP once started, can’t be changed is a myth | Vrid
People illustrations by Storyset

Once started, SIP can’t be changed

Most of the investors who use SIP to invest are under the impression that the tenure and amount cannot be altered. 

But SIP is considered among the best way to invest as it provides a lot of flexibility. You can change the SIP amount and tenure when required. 

You can even request the fund house to stop your SIPs. Switching mutual funds is also an option for you. 

Also, don’t forget to increase your SIP amount every year as your income increases. Learn more about 5 different types of SIP and how does it work here.

Share this with your friends and family. Help out your buddies.

Was this blog shared with you? You can subscribe to our personal finance newsletter to receive such insightful articles directly to your inbox!


Did you enjoy this article?

DISCLAIMER: This newsletter is strictly educational and is not an investment advice or a proposal to buy or sell any assets. Please be careful and do your own research.

Experience the power of our cutting-edge expense tracker app! Join our waitlist to access smart categorization, insightful financial insights, and seamless expense tracking. Be part of the financial revolution – sign up now to stay updated and gain exclusive access to our app!