Systematic Investment Plan (SIP) - Mutual Fund FAQ's
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1. What is a Systematic Investment Plan or SIP?
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| A SIP is an easy and convenient mode through which you can invest fixed amounts regularly in a mutual fund scheme of your choice. SIPs are the preferred choice of investment of majority of our investors whose objective is long term wealth creation. 3 out of our 5 customers who invest actively in Mutual Funds prefer to invest in Equity Mutual Funds for long term wealth creation and out of these every second customer prefers to invest through SIP. |
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2. Why Systematic Investment Plan (SIP) is the preferred mode of investment?
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3. What are the new Systematic Investment Plan (SIP) features added into Mutual Fund in ICICIdirect.com site?
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4. What is Period “Till Cancellation” in SIP?
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5. Can SIP with Period “Till Cancellation” be cancelled?
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6. Can SIP Installment amount be increased? (Step-Up)
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7. What is Step-up feature in SIP?
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8. What is auto renewal of SIP?
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9. Can Auto renewal of SIP be cancelled?
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10. What is “Pause” feature in SIP?
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11. What is Future Value Chart?
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12. What is the difference between Period Till Cancellation & Auto-renewal?
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13. Is Step-Up option available if auto-renewal of SIP option is selected?
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14. What is the difference between Set Step-Up & Modify option?
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15. How could one select Step-Up option for existing SIP?
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16. Why should you invest in Mutual Funds online through ICICidirect.com?
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