One of the effective ways to invest your money is the systematic investment plan (SIP). This investment option allows you to build wealth gradually. However, life is full of uncertainties, and financial flexibility is essential to adapt to changing circumstances.
This is where the concept of an ‘SIP investment pause’ comes into play. An SIP pause is a strategic option that allows investors to temporarily suspend their SIP investments without completely discontinuing the plan. Let’s understand what an SIP pause is and how it can be utilised wisely.