Say, it’s Diwali time and you have expenses coming up, like gifts, travel, house decoration and so on. But you also have to honour your monthly systematic investment plans (SIP). What do you do? Some mutual fund houses allow you to temporarily pause your SIPs. This is not the same as stopping your SIPs. An SIP pause is temporary and you need to restart, but you can stop investing for a few months.
Break in investments
Not all fund houses allow you to pause your SIPs. But some such as ICICI Prudential Asset Management Ltd, Invesco India Asset Management Co. Ltd and Reliance Nippon Life Asset Management Co. Ltd allow you to pause your SIPs. Different fund houses have different conditions, but here’s what they would broadly be.
