Question 1

Do all the schemes provide me an option to invest via SIP?

Accepted Answer

Majority of the schemes that are available over digibank provide an option to invest via SIP, however some of the liquid schemes may not offer this option.

Question 2

What is the minimum amount needed to start an SIP?

Accepted Answer

Depending on the fund type you can start investing in a SIP with as low as Rs. 500 per month

Question 3

Is there a minimum period for which I must make investments through SIP? What is the maximum number of months I can select for my SIP?

Accepted Answer

Yes, the minimum tenure for SIP investments on digibank is 12 months. Maximum number of months you can choose for your SIP would depend on the scheme you are planning to invest in. However, for most of the schemes we provide SIP till perpetuity.

Question 4

Are there any charges or penalties for terminating an SIP?

Accepted Answer

No, there are no charges for SIP termination.

Question 5

In any scenario, will my SIP be terminated automatically?

Accepted Answer

In the event where there are 3 consecutive months’ default on your SIP payments, your SIP will be automatically terminated.

For more queries on SIPs refer our detailed FAQs here https://www.dbs.com/digibank/in/mf-through-digibank-faqs.html

Systematic Investment Plan (SIP)

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