Short on Cash? You Can Pause Your MF SIP Instalment

SHORT ON CASH YOU CAN PAUSE YOUR MF SIP INSTALMENT

No balance A missed SIP instalment happens when there isn’t sufficient balance in the account.

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No fine Mutual funds do not penalise for missing any SIP instalment.

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Bank to charge penalty However, the bank will charge you a penalty for insufficient funds and missing the auto-debit payment.

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Three unpaid instalments A mutual fund will cancel the SIP only after three consecutive instalments are not paid.

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Compounding interest The existing investments will continue to be invested and earn returns.

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TO KNOW MORE ABOUT THE Best Mutual Funds To Invest In For Education

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Pause if there is a cause Pausing your SIP investment is also one of the options you can go with especially if you are anticipating liquidity issues in the short-term.(Content courtesy CIEL, ET Contributors)

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