Existing SIPs and STPs shall continue in the funds that have suspended fresh subscription, says Dhirendra Kumar
Many mutual fund companies have suspended fresh subscription in their several debt funds. How will it impact existing SIP, STP, SWP, as well as redemptions?
- Jeetendra Brahmecha
If you are referring to Franklin funds, they are stuck. It's a matter of concern and you would be able to do something only when a part of your money comes back. But many other debt funds have stopped taking fresh inflows but they have not prevented you from taking your money out. Thus, while fresh SIPs, STPs will not be registered in these funds, the existing SIPs and STPs will continue.