What is SIP PAUSE Facility

Systematic Investment Plan Regular Investments wherein one can invest a fixed amount in Mutual Funds scheme at regular intervals. The investment in SIP can be made according to Goals and Requirements. Financial Issues Economic Slowdown has caused problems for people around the country. Market conditions and restrictions due to Covid 19 pandemic have impacted livelihoods. There can be situations when people are unable to pay their SIP Investments due to genuine financial issues. SIP Pause facility Economic Slowdown has caused problems for people around the country. Market conditions and restrictions due to Covid 19 pandemic have impacted livelihoods. There can be situations when people are unable to pay their SIP Investments due to genuine financial issues. SIP will not go inactive if you miss out on an installment or two. Asset/Investment Management Company will not cancel or penalize for missing one or two installments. The cancellation of SIP happens when investor misses SIP instalments for 3 consecutive months. Although Banks can penalize the investor for dishonoring the auto-debit payments. Temporarily pausing the SIP to avoid discontinuation of the scheme. The SIP can be paused for a certain period of 1 to 6 months(depending upon AMC's). Can stop your SIP by sending a SIP Stop Request to them at least10 - 30 days in advance(depending upon AMC's). Submit the request online or offline through an application form. Not every AMC provides the option of pausing the SIP.

What is SIP PAUSE Facility