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Can I do SIP for 2 months?

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Can I do SIP for 2 months?

There is no limit to how much you can invest in a systematic investment plan or SIP.

Can I hold SIP for few months?

An SIP pause is temporary and you need to restart, but you can stop investing for a few months. Not all fund houses allow you to pause your SIPs. But some such as ICICI Prudential Asset Management Ltd, Invesco India Asset Management Co. You can either write a letter or fill a form, if your fund house has one.

Can I invest in mutual funds for 2 months?

For a short period of 3 to 6 months, you can either park your money in liquid mutual funds or ultra short term debt mutual fund. Liquid Mutual Funds usually invest in government securities and certificate of deposits of up to 3 months duration.

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Can SIP be done for 3 months?

, An avid reader and investor in mutual funds for a decade. Yes, technically you can by subscribing to a SIP for 6 months (min period in most cases) and not paying for the last 3 months or cancelling it after 3 months if the fundhouse allows you to do so.

Is there any penalty for stopping SIP?

Fund houses or banks, typically, don’t charge any fee when you stop or pause an SIP. In case you stop the SIP, your monthly contribution to the scheme will stop permanently. To restart the SIP, you will need to submit a fresh application to the AMC.

Can I break my SIP anytime?

You may cancel SIP even if you have invested through a mutual fund distributor. It helps if you inform your mutual fund agent who fills up the cancellation request for the SIP with the respective AMC.

Can we do SIP for 6 months?

If you want to save the surplus amount let’s say for six months then you can look for SIP plans in low duration funds and ultra-short duration funds. This way you can reach your short term goals like buying a gift, two-wheeler, vacations, etc.

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Should I invest 1 lakh rupee in a bank fixed deposit?

If you are a conservative investor with low-risk appetite and happy with small returns you can plan to invest 1 lakh rupee in bank fixed deposit. Bank fixed deposit gives fix returns to the investor. The tenure of FD can vary from 7, 15, 30, 45 days to 3, 6 months, 1 year, 1.5 years and 5 years.

Should I invest in ELSS or Balance Fund for 1 lakh?

However, ELSS comes with 3 years lock in period. You will not able to redeem ELSS fund till 3 years. ELSS can give returns in the range of 10-12\%. Balance Fund is next investment option where you can plan to invest 1 Lakh rupee. Balance mutual fund is the best investment option for the investor who is looking for safety and moderate returns.

What will be the average SIP returns in 10 years?

In fact, in many cases, it’s possible to find mutual funds giving returns higher than even 18\% when periods of around 5 years are considered. But let’s be conservative and assume that the average SIP returns in 10, 15 or 20 years will be about 12\% per annum.

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What are the best investment options for 1 lac rupee?

As per me if you surplus money you can think of this investment option. This option can give an absolute return of 8.2\%-8.3\% every year for 15 years. The last option to invest your 1 lac rupee is Gold. Gold is considered as a safe haven against all national, political and cultural crises.