I have invested Rs.1000/-per month through SIP . I want to redeem it.?



The NAV of the fund is 18.44 on Friday.Shall I get the amount with reference to the above NAV on Monday? or my Amount will be decided with reference to the NAV on Monday?

2 Replies to “I have invested Rs.1000/-per month through SIP . I want to redeem it.?”

  1. 1) If you have got the returns more than 20% returns per year. This is not a bad idea to redeem.
    2) If you want to redeem to pay any loan then it is well and good.

    Other wise Rs.1000/- per month is not a big amount. If you save for atleast for 10 years then you would get substantial amount for paying your children college fees or purchase of house or Marriage of your Children.


  2. if you give the request for redemption before 3 pm and it reaches the broker office before 3 pm it will as of friday, else the monday rates will be taken.

    also be aware that if the SIP is less than 1 year old, you stand to loss 1 %. the SIP should be have completed 1 year before so that no exit load will be charged.

    finally SIP investments are done for long term benefit. it is not advisable to redeem the SIp unless your goals are met or the AMC is not doing well





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