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 ...
When is a DIS required?
A DIS is required when you want to manually transfer securities from your demat account to another demat account. This can be: Within the same depository (NSDL → NSDL / CDSL → CDSL) Between different depositories (NSDL → CDSL / CDSL → NSDL)
Can I withdraw my SIP investment anytime?
Yes, SIP investments can be redeemed anytime, but some funds may have an exit load if withdrawn within a specific period.