PC: tv9marathi
A big update has come out for all mutual funds and investors. This change in the systematic investment plan has now become necessary. Investors will benefit from this. Also, experts claim that this is the beginning of transparency in mutual funds. The National Automated Clearing House has made this rule mandatory. The National Payments Corporation of India (NPCI) has taken note of this change. This change started on October 1. This change will benefit long-term investors in mutual funds. He can now invest with confidence in the future.
PC: Paytm
What is the rule
Now an important change has been made in all mutual fund systematic investment plans. According to this, now a fixed time limit will have to be fixed for starting a mutual fund. Although this change may seem minor, it is important. This will make it clear to the investors for how long they have to invest in the mutual fund and in which year and on which date they will get their returns. This rule has come into effect from October 1. The National Automated Clearing House has made this rule mandatory. It is the central electronic payment system of the country. This method is used by fund houses. On the same basis, SIP payments are debited from the investor's account.
PC: Tickertape
Benefits for long-term SIP
Many people invest in long-term SIPs. Every month their installments reduce. This installment is deposited in the mutual fund. Future long-term investments must now have a definite end date. Therefore, investors can plan well to get better returns from future investments.
Period of 30 years till cancellation: This rule of choosing the end date will remain in force until the option is canceled by the investor. Now this investment can be made for a period of 30 years. The date of investment will not be extended after thirty years. All these changes are necessary for transparency in the entire process.
