SIP FAQs
Common questions about SIP, answered in plain language.
What is a SIP?
A Systematic Investment Plan (SIP) invests a fixed amount in a mutual fund scheme at regular intervals — usually monthly — directly from your bank account. It is a way of investing, not a product in itself.
What is the minimum amount for a SIP?
Most schemes accept SIPs from ₹500 a month and some from ₹100. Try our SIP calculator to see how different amounts could add up.
Can I stop, pause or change my SIP?
Yes. You can stop a SIP at any time without penalty, and many fund houses let you pause it for a few months. To change the amount you normally start a new SIP or set up a step-up. The units you already hold stay invested.
What happens if I miss a SIP instalment?
The fund house does not charge a penalty, though your bank may charge for a failed mandate. The SIP continues the following month. If several instalments fail in a row, the fund house may cancel the SIP.
What is a step-up SIP?
A step-up (or top-up) SIP increases your instalment automatically every year, by a fixed amount or percentage. See the effect with our step-up SIP calculator.
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