Investing in Mutual Fund through SIP offers a lot of flexibility. Investors can control the amount they want to invest, tenure for which they want to invest, frequency with which they want to invest (weekly, monthly, quarterly, etc.).
But once you start a SIP, are you bound by the initial choices made until the end of your SIP tenure?
The answer is NO. For instance, if you start a monthly SIP investment of INR 5,000 in a fund for a 7-year period, you have the flexibility to increase or decrease its tenure at will, reduce or increase your SIP instalment depending on your financial well-being. SIPs are one of the best long-term investment options you can fall back on. These flexible features make them hassle-free and
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