Guide to Modifying SIP in Mirae Asset Emerging Bluechip Fund

Mirae Asset is a popular player in the mutual fund market, providing a wide range of investment options to its clients. One of their notable funds is the Emerging Bluechip Fund, which is known for its diversified portfolio of high-growth potential stocks. If you are an investor in this fund and wish to modify your Systematic Investment Plan (SIP), here’s a comprehensive guide to help you through the process.

Step-by-Step Guide to Modifying SIP

1. Log In to Your Account

The first step in modifying any aspect of your investment is to log in to your Mirae Asset account. This can be done through their official website or the app where you have invested in the fund. Make sure you have an active and verified account for seamless transactions.

2. Navigate to SIP Management

Once logged in, navigate to the section that deals with SIP management. This can typically be found under a menu labeled 'Investments', 'SIPs', 'Portfolio', or something similar. Look for an option that allows you to manage your SIPs.

3. Select the SIP to Modify

You will see a list of SIPs linked to your account. Locate the specific SIP you wish to modify. Each SIP will have its own set of details and options for modification.

4. Choose Modification Options

Depending on the modifications you wish to make, you may have the following options:

Change the investment amount: You can increase or decrease the amount you are investing per period. Alter the investment frequency: You can change the frequency of investment from monthly to quarterly, for instance. Update the bank mandate for auto-debit: Ensure that the details are updated for any changes in your bank information. Change the SIP duration or end date: If you wish to extend or shorten the SIP period, this option is available.

5. Submit Changes

After making the necessary modifications, review them carefully. Once satisfied with the changes, submit your request. Depending on your account settings and security protocols, you may need to confirm the changes via email or through an OTP. This step is crucial to ensure that the changes are accepted by the system.

6. Confirmation

Once your modifications are successfully processed, you should receive a confirmation notification via email or SMS. This confirms that the changes have been made and that your SIP is now adjusted according to your preferences.

Tips and Considerations

If you encounter any issues during the modification process, consider reaching out to Mirae Asset’s customer service for assistance. They are there to help you and can provide specific guidance based on your situation.

Additional Adaptations

For some specific cases, such as reducing or increasing the SIP amount, you might need to consider the following alternative approaches:

For increasing the SIP amount: Consider starting another SIP for the additional amount, ideally on a different date. For reducing the SIP amount: Stop the existing SIP and start a fresh SIP with the reduced amount. Note that this process might take approximately one month to complete.

In conclusion, modifying a SIP in the Mirae Asset Emerging Bluechip Fund is a straightforward process that can be managed online, provided you follow the steps carefully and ensure all details are correct. If you have any doubts or require further assistance, do not hesitate to contact the company's customer service.