Why SIP? Mutual funds remain a top investment choice, and Systematic Investment Plans (SIPs) let you invest monthly in mutual funds, over the long term, helping you build wealth steadily | Photo: ABP Live AI
Can You Pause SIP Payments? If you are unable to keep up with SIP payments due to financial constraints, you don’t need to withdraw completely from a plan you have invested in. Many mutual funds let you pause your SIP | Photo: ABP Live AI
First Step: To initiate the SIP pause process, first reach out to your mutual fund provider via their app, website, or customer service | Photo: ABP Live AI
Fill Out The Pause Request Form: Some fund houses require a simple online or physical form to request an SIP pause. Be ready with your details | Photo: ABP Live AI
Specify Duration: Choose how long you want to pause your SIP — typically 3 to 6 months — based on your financial situation and the fund house’s terms | Photo: ABP Live AI
Confirmation: You will receive a confirmation from the fund house once your request is processed. Keep this document safe for your records | Photo: ABP Live AI
Published at : 19 Jan 2025 11:50 AM (IST)
