What is an SIP

Additional Benefits

Quick Tips for investing in SIP

Split your Investment

Instead of starting just one SIP, split your investment into three or four different SIPs. This approach offers two main benefits:

  • You gain the advantage of investing in multiple funds.

  • You retain the flexibility to stop one SIP if you need extra money for monthly expenses.

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Stagger Your SIPs

  • Initiate SIPs on different days of the month or opt for a daily Systematic Transfer Plan (STP). 

  • This strategy helps to even out the impact of market fluctuations over the month.

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Choose Varied Mutual Funds

  • Select Mutual Funds with different investment strategies. 

  • This diversification broadens your portfolio and reduces overall risk.

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Frequently Asked Questions

An example of a SIP product is a Systematic Investment Plan (SIP) in an Equity Mutual Fund Scheme. For instance, investing ₹5,000 every month on the 5th in an Equity Scheme is a SIP. This method involves investing a fixed pre-determined amount at periodic intervals, like monthly or quarterly.

To check your SIP balance in HDFC Bank, log into your Net Banking account and navigate to the Mutual Funds section. Here you can view the details of your SIP investments, including the current balance. This allows you to track your assets and their performance based on market conditions and returns quickly.

Yes, you can stop your SIP after one year by filing a pause application specifying the time duration for which the SIP would be paused. Once the pause period ends, the SIP is resumed automatically, and funds are debited from your account according to the SIP.