Is it possible to close SIP before the committed time frame

Is it possible to close SIP before the committed time frame? For example if I commit to do SIP for 10 years and unfortunately I don't have funds for SIP after 8 years. What should happen?

Aug 16, 2016 by Bharat, Gurgaon  |   Mutual Fund

Yes, you can close your SIPs any time you wish and it has nothing to do with the time period you have chosen.

Just writing a letter with details of folio number, scheme name and the amount to the respective AMC will do the needful. Normally AMCs take 21-30 days from the receipt of your request to close the SIPs.

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