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#1
21st February 2007, 10:06 AM
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How to withdraw?
Hi All,
I plan to invest in some equity schemes on SIP basis. My question is how long I need to make payments. Is it possible to exit the scheme and withdraw the money at any time. How do I do that? Thanks in advance Ramesh K 
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#2
21st February 2007, 07:07 PM
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Re: How to withdraw?
Quote:
Answer : dear it depends on you.....your plan of saving....say 1, 1 1/2, 2, .... in multiples of 6 (months)....You can stop SIP at any time......simply by giving a letter to stop the further SIPs to the AMC... Minimum SIP payment period is 6 months But if invested for a long period say 3 years you can get maximum benefits..just for a period of 6 months...you wont get much benefits..... Second question : Is it possible to exit at any time? Answer : Yes. But some AMCs have minimum period of 6 months...ie you cant withdraw before 6 months and if withdrawn then you have to pay exit load Hope this helps you...if not can ask for more.. have a nice day JB
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#3
3rd September 2007, 02:55 AM
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Re: How to withdraw?
If I didn't open this thread, the first question that would come to my mind by reading the subject would be "What?"
For once I thought may be I am on the wrong forum, thanks to JB for responding sensibly.
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#4
3rd September 2007, 04:40 PM
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Re: How to withdraw?
Nice title !
 ss
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That was a good one!
