April 23, 2012 3:42 pm
I want to start SIP from next month. Suppose after few months I some how discontinue the payment. What would be the consequences? Can I resume it again.
Thanks Ashal for your reply.
Thanks for sharing this link.
Dear Subhankar, in addition to dear BanyanFA’s reply, if you have stopped your prev. SIP due to any re3ason, you w’d have to apply afresh for the new SIP. Yes you may (actually should) use the existing folio no. for new SIP enrollment in the same AMC.
I think, before you think about starting a SIP in a MF, you would first want to understand a bit more in detail on what a SIP is and its features. Have a read of http://insight.banyanfa.com/?p=95 to start with. It would give you a very good understanding upon the features of SIP.
If you need any further clarifications, please feel free to ask.
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