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Investors sign up for systematic investment plans (SIP) with mutual funds for a fixed number of instalments over a specified period. At the end of the term, the investors have the option to renew the SIP to ensure continuity.The asset management company (AMC) usually sends a communication to the investor towards the end of the SIP term, asking for renewal. The decision can be taken based on the performance of the investment and its suitability to the investor’s needs. The communication from the fund house may come with the SIP renewal form, which can be downloaded from the website. |
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