HDFC Mutual Fund has announced the introduction of SIP Top-Up facility under Systematic Investment Plan (SIP). SIP Top-Up is a facility in which an investor has an option to increase the amount of SIP Installment by a fixed amount at pre-defined intervals.
The facility will have following terms and conditions:
1. All schemes offering SIP facility shall be eligible to offer SIP Top-Up facility.
2. The Top-Up amount should be in multiples of Rs 500.
3. Monthly SIP offers Top-Up frequency at half yearly and yearly intervals. Quarterly SIP offers Top-Up frequency at yearly intervals only.
Source: www.valueresearchonline.com
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
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