There is no penalty. however, the bank may charge a fee in some cases.

Yes, it can be stopped by filing an sip stoppage form.

In a systematic plan, an individual can periodically channel their savings into proper investments. For instance, an individual takes a home loan to buy a house. The equated monthly installment towards reimbursing the home loan is the systematic investment in the realty sector.

You can use an sip calculator to decide the amount and duration that is right for you. always try an sip return calculator rather than finalizing a random monthly contribution amount.

People often tend to think of SIP as either mutual funds or different than a mutual fund. The fact is that SIP is just a style of investment and not a fund/scheme or a stock/investment avenue. It is an investment vehicle to invest periodically in a fund/scheme of your choice.