InvestorQ : How can I redeem my SIP Investment?
Abigail Ghoshal made post

How can I redeem my SIP Investment?

Answer
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Rishita Das answered.
2 years ago


SIP or Systematic Investment Plan is monthly mode of investing in Mutual funds with small amount. Mutual fund buys unit from the amount invested by many investor at regular interval. Investment is done in various types of sector, industry, etc. In SIP, expect for ELSS funds, all other SIP plans can be redeemed by filling up the manual form at the fund house office. Nowadays, you can also redeem your SIP through online with just few clicks by visiting the fund house’s website. However, redemption in SIP includes charges which should be considered by the investor. 


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2 years ago


You can redeem you SIP Mutual Fund investment anytime you want by informing your Investment Advisor or do it online from the AMC's website. You shall receive the investment value as per the number of Units accumulated till that date and the NAV of the day you have redeemed them.

Redeem is by no means closure of SIP; so even if you have redeemed the units, unless you have closed the SIP, the SIP amount can still be debited as per the cycle and fresh units will be issues to you against them.