What is the minimum amount required to start an SIP?
Most mutual funds allow SIP investments starting as low as ₹500 per month, making it an affordable way to invest.
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Can I invest through SIP in Wealth Bag?
Currently, SIP (Systematic Investment Plan) isn't available in Wealth Bag. However, we're working on launching this option in the near future.
What is SIP (Systematic Investment Plan)?
SIP is a disciplined way of investing where a fixed amount is automatically deducted from your bank account and invested in a mutual fund at regular intervals (monthly, quarterly, etc.). It helps in wealth creation through the power of compounding ...
What are Wealth Bags?
Imagine you're at a grocery store, and instead of picking individual items, you see pre-packed baskets filled with different types of fruits or snacks. Wealth Bags work similarly but with stocks instead of groceries. They're like ready-made bundles ...
Can I stop or pause my SIP anytime?
Yes, most mutual fund houses allow investors to pause or stop their SIP at any time without penalties. However, stopping SIPs too early may impact long-term financial goals.
What is the application amount for High Net-Worth Individuals (HNIs)?
High Net-Worth Individuals, or HNIs, can apply for the buyback with an amount exceeding ₹2 lakhs. This category is meant for those who are looking to invest larger sums in the buyback opportunity.