Is it possible to pause a SIP (Systematic Investment Plan) temporarily, and how does it affect your mutual fund investments?
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Yes, you can pause SIP. It will allow you to pause your payments. It allows investment growth during the pause period if the Mutual Fund performs well and vice-versa. It provides flexibility for reassessing strategies or managing financial constraints while maintaining investment continuity. It means you can pause investingthrough SIPs in your mutual fund for a period of time,generally ranging from 1 month to 6 months at one go. After the pause period, your SIP restarts.