Can I increase or decrease SIP amount?

[vijaygawde]

I have been investing Rs. 500 + 500 for two funds though SIP for last six months. Now after seeing the returns, I wants to increase it to 1000/month.
- Can I increase or decrease my SIP amount for MF?
- Or I need to start another SIP for the same amount.

Please advise.

[CONFUSED]

- Can I increase or decrease my SIP amount for MF?
I am afraid you cannot. But you can stop it any point in time. So close the old SIP and open a new SIP.


- Or I need to start another SIP for the same amount.

As already said, you can start a new SIP with new SIP amount.

[vijaygawde]

I am afraid you cannot. But you can stop it any point in time. So close the old SIP and open a new SIP.

As already said, you can start a new SIP with new SIP amount.
It is strange that you cannot increase/decrease the existing SIP, but you need to close it and start another. :mad: