Newbie Question on SIP

[mfnovice]

I am planning to start a SIP for a year. At the end of the year if I do not have enough money and wish to stop the SIP, still can I hold my units with the fund?

If in future I start another SIP, I can get more units. Should I track which units are from old SIP and which are from new? Or does it not matter?

Let me know if what I am thinking does not make sense!

 

[senanindo]

I dont think you should worry about these things... but if you want to keep track of these things dont forget keep your a/c statement. In that statement you will get everything about your a/c. So in that way you can keep track of your a/c.


Another important thing to remember is not to stop SIP... For Ex. If you invested till Jan,08 and again you started your SIP on Jul,09 So wont be able to take the advantage of market condition and hence you should not stop your SIP.