Top 5 Myths About SIPs Debunked

Harshini Chakka

A SIP is a method of investing in mutual funds, not a standalone investment product.

SIPs suit all investors, allowing investments from ₹500 to larger amounts for diverse financial goals.

Use SIPs to invest in equity, debt, or hybrid funds, aligning with your risk and goals.

Withdraw investments anytime from open-ended mutual funds, even with active SIPs—no rigid lock-in periods!

SIPs impose no lock-in; mutual fund-specific lock-in periods like ELSS rules may apply separately.

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