Termination of SIP and unit redemption

[sankas7]

I am paying SIP amount of 2k on monthly basis. If I stop paying SIP after one year can I still able to hold the units and sell them later .
Say In 2013 my total asset value is 26k after paying one year in SIP . now I want to stop my SIP value but don't redeem my units. I will do that when market will reach at its pick .Is it possible?

 

[KoolSIM]

I am paying SIP amount of 2k on monthly basis. If I stop paying SIP after one year can I still able to hold the units and sell them later .
Say In 2013 my total asset value is 26k after paying one year in SIP . now I want to stop my SIP value but don't redeem my units. I will do that when market will reach at its pick .Is it possible?

Yes.

Note however, if you plan to terminate an SIP before the scheduled period is over, you need to intimate the Fund House about this, or you will default, which is not a good thing on your record.

If your SIP period is over, you can choose not to renew it. The units will still be yours until you redeem them.