Tips and tricks

How can I extend my SIP tenure Mirae Asset?

How can I extend my SIP tenure Mirae Asset?

If you have purchased the SIP online, you can logon the mutual fund company website (Mirae in this case) and edit the period of your SIP from there. If you have purchased the SIP from a distributor, then you can call him and he will send you the relevant forms through which period can be changed.

Can I increase the duration of my SIP?

To ensure an uninterrupted investment, send the renewal instruction at least 30 working days before the last date. If the existing SIP expires, the renewal can be done by quoting the same folio number. It will take 21-30 days from the date of sending the form for the SIP to start.

How do you increase SIP per year?

There are two ways you can step-up SIPs:

  1. By a fixed rupee-basis each year. So, say you have a monthly SIP of Rs 10,000, you can increase this amount every year by Rs 1,000 or Rs 2,000 as per your requirement; or.
  2. By a fixed percentage basis each year, say by adding 10\%-20\%, to your current monthly SIP year- after-year.
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Can I increase my SIP amount in Mirae Asset Emerging Bluechip Fund?

Once enrolled, the SIP Top-up details cannot be modified. In case you want to make any changes, you will have to stop the existing SIP and enrol for a new SIP with Top-up option.

What is the maximum period of SIP?

There is no maximum tenure of a SIP. You can invest as long as you can. The minimum tenure you can go for is 3 years.

Can I change my SIP frequency?

You can change the frequency and installment amount of the SIP. Note: The SIP orders will be triggered at 8 AM to the exchange. These orders can be deleted before 8 AM.

How much does SIP increase each year?

Therefore by essentially topping up your SIP by 5-7\% every year, you will be capitalizing on the power of compounding and it will also help you reap higher returns. Additionally, you will be avoiding increased paperwork, as it will reduce the necessity of creating and tracking multiple stocks.

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Is it good to increase SIP amount every year?

Having said that, if this increment is something that you’re looking to make periodically, say every year you’re looking to increase this SIP amount along with your income, then adding new SIPs every year may not be a viable approach because the sheer number of SIPs can become overwhelming to track.

What is the SIP limit for Mirae Asset emerging bluechip fund (maebf)?

Fresh inflows through systematic investment plans (SIP) have been limited in Mirae Asset Emerging Bluechip Fund (MAEBF). The amount allowed would be Rs 2500 per month, effective November 6. All SIPs and systematic transfer plans (STPs) registered earlier with the fund house will remain unaffected by the new limit.

How can I change the period of my SIP?

If you have purchased the SIP online, you can logon the mutual fund company website (Mirae in this case) and edit the period of your SIP from there. If you have purchased the SIP from a distributor, then you can call him and he will send you the relevant forms through which period can be changed.

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What does the revised limit on SIPs mean for new investors?

The revised limit of Rs 2,500 on SIPs is a serious dampener for new investors. But at a corpus size of about Rs 12,000 crore, Swarup says that the fund has become a bit large and therefore inflows must be restricted to ensure fund managers are not overburdened while deploying a gush of inflows.

How can I reduce or increase the amount of my SIP?

If you want to increase the amount , then start another SIP for the difference amount for another date every month. If you want to reduce , stop the SIP by giving a letter . It might take a month to stop your SIP . . Once it is stopped , start a fresh SIP for the reduced amount. Earn your MBA online in 15 months. No GMAT required.

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