Fact: There is no assurance of returns for SIP investments.
Fact: An SIP can reduce the risk element and guard against sharp market falls. However, they still remain vulnerable to market declines.
Fact: Whether it is changing the investment amount, the date, or switching to a different SIP altogether, there is enough flexibility to edit.
Fact: Weekly SIPs may only complicate things and, therefore, a monthly SIP is a simpler way to invest.
Fact: While there are no penalties against a missed SIP, a few banks may charge you for dishonoring auto-debit payments.
Fact: This isn't true and you can take the SIP route even for non-equity funds.
Fact: While one can start investing in SIPs from as small as Rs.500/-, there is no cap on the maximum investment amount.