Query of Blog Reader: Redemption in between ongoing sip
I have ongoing sip in XXXX mutual fund, i want to redeem all units, whether this will affect my sip? Whether this results in stop of my sip?
If I redeem the amount in between, will the SIP stop with immediate effect or it will continue till the specified period mentioned?
Reply:
No, it will affect your sip, unless along with redemption, you also request for cancellation of sip.
Redemption of the amount during the SIP period will not affect your ongoing SIP.
SIP will continue unless the investor specifically requests for cancellation of SIP.
SIP will continue till the specified period mentioned at the time of registration of sip.
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