How to withdraw?

#1
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
 
#2
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
First question : How long I need to make payments?
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 But some AMCs have minimum period of 6 months...ie you cant withdraw before 6 months and if withdrawn then you have to pay exit load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
 
#3
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.
 

sam_kuw

Well-Known Member
#5
:pThat was a good one!
 
#7
Hi Johnbest!

Can u pls elaborate on "simply by giving a letter to stop the further SIPs to the AMC"

I have a SIP with no locking period started 2 yrs back. I want to withdraw it now.

Can you pls tell me what letter to mail and to whom precisely?
 

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