Available only under the growth option, Prosperity SIP will offer flexible investment tenures of 7, 10, 12, 15, 20, 25 or 30 years.
The minimum SIP The fee will be set at ₹2,000, with additional contributions in multiples of ₹1.
At the end of the SIP period, the accumulated units will be transferred to a target plan selected by the investor or may remain in the same plan if no target plan is chosen.
The SWP will then start from this objective framework.
If a target schema is not specified, no change will occur and the SWP will continue within the source schema.
Investors will be able to register a Prosperidad SIP in new or existing folios, but existing SIP registrations cannot be converted into Prosperidad SIPs.
The facility will be available to all investors except minors and may only be registered on a monthly basis.
Besides, Sundaram Mutual Fund Enabled a SIP recharge facility on BSE and NSE platforms, also in non-demat mode.
This top-up option allows investors to increase their SIP amounts over time, providing greater flexibility in investment management.
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