‘Any Day SIP with Sundaram Mutual

Until now, if you wished to invest via a systematic investment plan (SIP), you were required to initiate it on specific dates in a month. This sometimes becomes a hurdle for savings as every person does not receive salary on the same date. Therefore, it becomes difficult for him/her to manage his or her cash flow. Hence, ‘Any Day SIP’ by Sundaram Mutual has provided that flexibility to initiate SIP transactions on any day in a particular month.

Commenting on this new feature, Managing Director of Sundaram Mutual, Sunil Subramaniam said, “SIP investments, were hitherto restricted to certain specific dates in a month. We are now enhancing the flexibility and convenience available to investors as they can now choose SIP dates that suit their individual needs. This is one more step in our endeavour to strengthen and grow our core retail franchise."

This ‘Any Day SIP’ feature would be applicable to all open-ended schemes of the fund house, except for liquid funds. This facility is available for transactions made through Sundaram Mutual website, starting today. Further, investors can also modify their existing SIP dates on the Sundaram Mutual platform.

With this, monthly SIPs can be now slated for any day of the month. Quarterly SIPs can also be scheduled for any day of the quarter beginning January, April, July, and October.