Groww Logo
search
Login
Register
sip

Can we stop SIP if the SIP is not performing good?

I started SIP last year but it is not performing well. Can I stop and start another one?

Asked
Answer this Question
close

Your Answer

Attach Portfolio/Mutual Funds: (Optional, Max limit allowed : 3)
search
Post your Answer

Similar Questions

1 Approved Answer

Ankit

If the SIP is not performing good then it basically means that the Mutual Fund in which the investment is made via SIP is not performing good. SIP can be definitely be stopped if it's not paying returns that an investor is expecting.

Thing is, at Groww, these clumsy steps are negated. Its much simpler. "You can stop an SIP simply by going to 'My SIP' and clicking in 'Cancel'. After that, if you want to withdraw your money, go to 'My investments' and click on 'Redeem'.

Stopping the SIP has an an alternative called STP( Systematic Transfer Plan) where the amount that has already been invested in that particular fund via SIP can be transferred to some other fund via STP where a fixed amount will be transferred to the other fund on a weekly or monthly basis. These things need to be kept in mind while stopping the SIP.

Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.
Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs.
MOST POPULAR ON GROWW
MUTUAL FUNDS COMPANIES: ICICI PRUDENTIAL  | HDFC  | RELIANCE  | ADITYA BIRLA SUN LIFE  | SBI  | UTI  | FRANKLIN TEMPLETON  | KOTAK MAHINDRA  | IDFC  | DSP BLACKROCK  | AXIS  | TATA  | L&T  | SUNDARAM  | DHFL PRAMERICA  | LIC  | JM FINANCIAL  | BARODA PIONEER  | CANARA ROBECO  | HSBC  | IDBI  | INDIABULLS  | MOTILAL OSWAL  | BNP PARIBAS  | MIRAE ASSET  | PRINCIPAL  | BOI AXA  | UNION KBC  | TAURUS  | EDELWEISS  | ESSEL  | MAHINDRA  | QUANTUM  | PPFAS  | IIFL  | ESCORTS  |