1. Are there any risks associated with investing in SIP for 1 year?
Like any market related investment, SIPs also have some risk, but they offer a relatively low-risk approach compared to direct share investing.
2. How can I track my SIP investments for 1 year?
Most fund issuers have mobile apps that have easy-to-use tools to track your investment performance and manage your SIPs. Alternatively, you can also use SIP aggregator websites like Fincover, which has extensive features to track your investment
3. What happens to my SIP after 1 year?
You can continue your SIP investment for an extended period or withdraw your funds, based on your requirements.
4. Can I withdraw my SIP investment before 1 year?
You can withdraw your investment any time you wish, but you may incur an exit load or lose potential returns. So, it is advised to stay invested according to your goals
5. How much should I invest in SIP for 1 year?
It depends on your goals and risk appetite. Most SIPs allow you to begin even with a meager investment of Rs. 500 per month