SIP amount does not get credited to the savings account until you redeem funds
SIPs are one of the most flexible and investor-friendly options for disciplined and regular investing
You need a diversified portfolio with funds across categories and fund houses to make for good returns
I am new to mutual funds and I invest ₹5,000 in one scheme. I am at the 23rd instalment out of total 24 instalments. What will happen after the 24th instalment is also paid? Will the systematic investment plan (SIP) get renewed automatically or will the entire money get credited to my bank savings account? I increased my SIP amount by ₹10,000 and the statement this month says instalment (1/961) and shows both these SIP amounts separately. Will both these SIPs continue? What should I do? I don’t mind continuing to invest ₹15,000 in this scheme. If it is not wise, I can start another SIP for ₹5,000 in another scheme.