How do I get my SIP amount back?

If you hired an agent to invest in SIPs, contact the same agent to redeem it. He/she will fill up a redemption request with details regarding your SIP, including the number of units that you want to redeem. After the request has been processed, you will receive the due amount via NEFT or a cheque.

Does SIP has guaranteed return?

The Truth: The nature of a SIP plan is investing a specified amount in a certain mutual fund periodically (monthly/weekly). Since these are market-linked instruments, the returns from these investment options are not guaranteed, unfortunately.

Is mutual fund guaranteed return?

Mutual funds don’t guarantee capital protection or fixed returns. However, this is a good thing as mutual funds would be a poor investment product if they did. The purpose of investing in mutual funds is to earn higher returns than what traditional investment options offer.

What happens when SIP expires?

Your first SIP will end next month (after the 24th instalment), and the money in that investment will stay there. It will not get credited to your bank account until you ask for a redemption. Your second SIP will continue, it appears, for 960 more instalments (or 80 years).

What will happen if I don’t pay SIP?

While mutual fund companies don’t penalize for non-payment of a few SIP installments, your SIP will automatically be cancelled if you fail to make the payments for three consecutive months. Also, your bank will penalize you for dishonoring the auto-debit payments.

Can SIP incur loss?

You can incur losses even if you are investing through SIP.

Does SIP cause loss?

SIPs have losses But as the market keeps falling and you continue to invest your average cost fall. You will be buying more units at a lesser cost. The primary advantage of SIP is to lower the average cost of buying mutual funds.

What are the benefits of SIP in mutual funds?

It reduces your effort to manage the SIP investment. SIP offers leverage of the Power of Compounding leading to desired returns over time. There are different Types of Mutual Funds for SIP that include equity, debt, balanced and ultra- short term funds. However, Equity Mutual Funds offer maximum returns when invested via a SIP.

What are the returns of long term investments in SIPs?

This is, by no means, a comprehensive list of all the funds that gave good returns in the last 15 years. This just an illustration of how long term investments in SIPs, have created wealth for investors. Each of the funds in our selection has given SIP returns of nearly 20\% annualized.

What is the compounded annual return of SBI Magnum multiplier plus SIP?

Over the 15 year period the compounded annual returns on your SIP investment in this fund would be 17.8\%. The SBI Magnum Multiplier Plus, a diversified equity fund was launched in 1993. The fund has an AUM base of over Rs 1000 crores and is managed by Jayesh Shroff.

What is Systematic Investment Plan (SIP)?

Typically, SIP or Systematic Investment plan is an Investing mode to invest money in Mutual Funds. Investing in top 10 SIP Mutual Funds brings a systematic and disciplined approach to your investment.