Hi
I am planning to investing Mutual funds through SIPs. I have a few doubts about it.
1. Can i increase the SIP amount without cancelling my existing MF?
eg: If i start with a sip of 500/month, can i increase it to 1000 after 6 months?
2. Can i change the asset allocation after a few years ?
eg: like change the equity - debt ratio from 80:20 to 60:40 after 5 years.
3. Can i change the type of MF like dividend reinvest mode to dividend pay out mode after a few years?
Need guidance on this.
I am planning to investing Mutual funds through SIPs. I have a few doubts about it.
1. Can i increase the SIP amount without cancelling my existing MF?
eg: If i start with a sip of 500/month, can i increase it to 1000 after 6 months?
2. Can i change the asset allocation after a few years ?
eg: like change the equity - debt ratio from 80:20 to 60:40 after 5 years.
3. Can i change the type of MF like dividend reinvest mode to dividend pay out mode after a few years?
Need guidance on this.