Cryptocurrency Q&A
Can you withdraw from a perpetual SIP?
Can you withdraw from a perpetual SIP?
SolitudeSerenade
Fri Apr 11 2025
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6
answers
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I am invested in a perpetual SIP and want to know if I have the option to withdraw my funds before the maturity date, or if there are any specific conditions or penalties associated with early withdrawal.
6 answers
Nicola
Sun Apr 13 2025
Perpetual SIPs are investment vehicles that do not have a predefined end date. This means that once initiated, they continue indefinitely until the investor decides to terminate them.
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Andrea
Sun Apr 13 2025
Terminating a perpetual SIP involves completing an SIP closure form. This form serves as an official request to the Asset Management Company (AMC) to cease the SIP.
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Leonardo
Sun Apr 13 2025
The SIP closure form typically contains details such as the investor's name, SIP account number, and the specific SIP that is to be stopped. It is crucial to fill out the form accurately to avoid any discrepancies or delays in the termination process.
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lucas_jackson_pilot
Sat Apr 12 2025
Once the SIP closure form is completed, it must be submitted to the AMC. This can be done either physically by visiting the AMC's office or through online channels if the AMC offers e-submission facilities.
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Sebastiano
Sat Apr 12 2025
Upon receiving the SIP closure form, the AMC will process the request and cease the perpetual SIP as per the investor's instructions. It is advisable to keep a record of the submission for future reference.
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