Re: How to cancel SIP?
dear ramesh
You didnt mentioned your starting time....
But for a period of 2 yrs from now, SIP will work for you.
To clear this, one thing I would like to tell you .....
You say the fund is not performing...isnt it.....this means
the NAV is not increasing...isnt it...
A low NAV will accumulate more units for you...and by the time
your SIP completes you will have more number of units.....
Well here is a chance that while redeemption, may the NAV is
also low compared to other such funds....but 2 yr period will be
enough for the fund manager to change the portfolio of stock holding
and get good working stocks under the fund.....
Another thing....if you stop SIP and start investing in other same
category fund...are you sure that fund will perform best for the
period of 2 yrs?
Pls give some time to perform.....SIP wouldnt give you more then
15-22% in a year. Then, after a period of 2 yrs the returns will start increasing.
well, finally the decision is yours...
have a nice day