Yes, you can pause or stop your SIPs temporarily on Angel One. This gives you the flexibility to manage your investments when you need to, without closing your account permanently. Pausing your SIP allows you to take a break from investing for a short time and start again later when you are ready. This helps you avoid missing out on your investment goals while managing your money carefully.
How to Pause or Stop SIPs Temporarily on Angel One?
To pause or stop your SIP temporarily on Angel One, first log in to the Angel Bee app or website. Go to the ‘My Transactions’ section and select ‘SIP’. Find the SIP you want to pause or stop, then choose the cancel or pause option. Once you do this, your future SIP installments will stop, but your existing investments remain safe. You can always restart your SIP later with a few clicks.
Can I Resume My SIP After Pausing It?
Yes, you can resume your SIP anytime after pausing it. When you are ready to start investing again, simply log back into your Angel Bee app or website, go to your SIP section, and reactivate the SIP. There is no extra process or penalty. This makes it easy for you to manage your money during difficult times without losing your investment plan.
Will Pausing SIP Affect My Investment Returns?
Pausing your SIP means you will miss some monthly investments during that pause period. This can affect the compounding benefit and may reduce your total returns in the long run. However, pausing helps you control your cash flow and manage financial emergencies without closing your SIP permanently. When you resume, your investments can grow again as before. So, it is better to pause rather than stop completely if you just need a short break.
Is There Any Penalty for Pausing or Stopping SIP on Angel One?
No, Angel One does not charge any penalty or fees for pausing or stopping your SIP. You can pause or stop your SIP whenever you want without worrying about extra charges. This flexibility makes Angel One a convenient platform for investors who want to manage their investments with ease.
What Should I Do Before Pausing or Stopping My SIP?
Before pausing or stopping your SIP, think about your current financial needs and future goals. If you need a short break, pausing is better. If you want to stop for a longer time, stopping may be the right choice. Always consider your investment horizon and risk tolerance. You can also talk to Angel One support for guidance on what suits you best.
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