Table of Contents
- 1 What happens to SIP after lock-in period?
- 2 Can I withdrawal SIP after 3 years?
- 3 What is the minimum period for SIP?
- 4 Can I redeem SIP anytime?
- 5 What is the interest rate of SIP?
- 6 How is SIP interest calculated?
- 7 How does the SIP calculator work?
- 8 What is the lock in period for 75\% withdrawal from sips?
What happens to SIP after lock-in period?
You can choose to invest in a lump sum or instalments via a SIP. Once the lock-in period ends for a particular instalment/lump sum investment, the ELSS becomes an open-ended equity-oriented investment scheme with full liquidity.
Can I withdrawal SIP after 3 years?
You can withdraw the entire amount once the investment completes 36 months. If you are investing via an SIP, the three-year lock-in period is applicable to every SIP instalment. That means, only the first SIP instalment will complete three-year or 36-month lock-in period at the end of three years.
What is 3 year lock mutual fund?
The lock-in period in mutual funds means the investor cannot redeem the units before completing a predetermined period from the date of investment. The redemption is based on the units invested. There are tax saver mutual funds that are available with a minimum of three years lock-in period.
What is the minimum period for SIP?
There is no fixed tenure for SIP. However, the minimum period is six months.
Can I redeem SIP anytime?
An investment in an open end scheme can be redeemed at any time.
How do I redeem my sip after 3 years?
If you have made your ELSS Mutual Fund investment via the lump sum route, i.e., at one go, all your units will be allotted on the same day. And therefore, once the 3 year lock-in period is over, you can redeem your entire ELSS investment in one go.
What is the interest rate of SIP?
The table below shows the best equity funds:
| Mutual fund | 5 Yr. Returns | 3 Yr. Returns |
|---|---|---|
| Aditya Birla Sun Life Digital India Fund – Growth-Direct Plan | 33.47\% | 41.86\% |
| ICICI Prudential Technology Fund | 33.02\% | 41.05\% |
| TATA Digital India Fund DIRECT Plan Growth | 35.05\% | 40.88\% |
| Aditya Birla Sun Life Digital India Fund Growth | 33.13\% | 39.8\% |
How is SIP interest calculated?
Say return rate is 10 \%, then it should be calculated separately for the first month i.e 10 \% of 1000 which is 100. For the next month, the return will be 10 \% of 1000 * 11 / 12 which is 91.67. This way return for the last month on an installment in a financial year will be 10 \% of 1000 * 1 / 12 which will be 8.33.
What is the current interest rate on SIP?
What is the Current Interest Rate on SIP. SIP returns for various mutual funds may vary. On an average, for large cap equities, a return of 12-18\% can be expected whereas from mid-cap equities, a return of 14-17\% is expected. However, in case of a long-term debt-based mutual fund, one can expect a return of 6 – 9 \% p.a.
How does the SIP calculator work?
The SIP calculator is a predictive mutual fund calculator that gauges the value of your mutual fund returns based on some key inputs provided by you. All you need to enter into the calculator is the SIP installment amount, the expected rate of return and the duration of the SIP to get an answer within seconds.
What is the lock in period for 75\% withdrawal from sips?
If you make a partial withdrawal of 75\%, then you have to make sure the SIPs in that withdrawal have completed 3 years. There is no new lock in period as such. The basic rule is that each of your SIPs have to complete 3 years.
Who should opt for SIP mode of investment?
People who do not have a large sum of money in hand can opt for SIP mode of investment. SIP calculator is a tool that predicts the overall return on investment an individual would get at maturity, given the principal investment amount and expected rate of return.