Hi I started mutual funds from this month only. I am looking for Long term 10 years
One Time Investments SBI Bluchip Direct - 25000/- SBI Magnum Midcap Direct - 10000/- Aditya Birla Sun Life Tax Relief 96 - Direct Plan - 40000/- Reliance Small Cap Direct Growth - 25000/- Kotak Select Focus Fund Direct - 25000/-
SIP Investments Reliance Tax Saver Direct Growth - 4000/- Axis Long Term Equity Tax saving Direct Growth - 4000/-
Please suggest if any changes required above and one more Debt Fund for 4000/- SIP.
I have started investing in Mutual Funds recently since last 6 months. In Dec07-Jan'08 i have started in some MFs through Systematic Investment Plan Option(SIP). Due to urgent requirement of funds by me in near future i plan to discontinue these investments started through SIPs and instead would opt for Lumpsum investment whenever required. Kindly advise the following: 1.Can i withdraw from SIP investment at any stage without attracting any penalty/charges?.
2.Can i reduce the amount of investment /SIP instalment at any stage without attracting any penalty/charges?.
3.Can i switch over/opt for an SIP instalment of reduced amount(w.r.t present amount)and also with the investment on qtrly basis instead of Monthly basis at present?
4.What is the Procedure for opting out of SIP and reducing the SIP instalment in Mutual Funds.
Please send your advise regarding the above especially if i want to avoid any, if applicable, penalty/additional charges in such options. Surender
I have started investing in Mutual Funds recently since last 6 months. In Dec07-Jan'08 i have started in some MFs through Systematic Investment Plan Option(SIP). Due to urgent requirement of funds by me in near future i plan to discontinue these investments started through SIPs and instead would opt for Lumpsum investment whenever required. Kindly advise the following: 1.Can i withdraw from SIP investment at any stage without attracting any penalty/charges?.
2.Can i reduce the amount of investment /SIP instalment at any stage without attracting any penalty/charges?.
3.Can i switch over/opt for an SIP instalment of reduced amount(w.r.t present amount)and also with the investment on qtrly basis instead of Monthly basis at present?
4.What is the Procedure for opting out of SIP and reducing the SIP instalment in Mutual Funds.
Please send your advise regarding the above especially if i want to avoid any, if applicable, penalty/additional charges in such options.