00:00Mutual Funds and SIP are considered to be the biggest and best option for investment in today's time.
00:12But now SEBI has changed some rules about mutual funds, which will definitely affect your investment.
00:20So let's tell you everything about this changed rule in detail in this video.
00:25SEBI has changed a rule for people who invest in mutual funds through SIP.
00:31SEBI has made this change in the process of shutting down SIP.
00:35Actually, if someone wanted to shut down their SIP, it would take 10 working days to shut down SIP.
00:44But after implementing the new rules of SEBI, it will take only 2 days to shut down SIP.
00:51In this case, you can request 3 days in advance to shut down your SIP.
00:56This new rule of SEBI is mandatory for all mutual fund companies.
01:01And this rule has been implemented since December 1, 2024.
01:05This rule will apply to both online and offline investments.
01:09To cancel SIP, the previous rule had to incur losses many times.
01:15But with the new rule, there will be no loss while shutting down SIP.
01:20Assume that the date of SIP installation is 15.
01:24And you don't have that much money in your account till 12.
01:28Then you can request to shut down SIP on the 12th.
01:32Now if SIP has been triggered and there is not that much money in the account,
01:37then the customer gets ECS Return, i.e. Electronic Clearing Service.
01:41This happens when the transaction fails or mandate return charges had to be given.
01:47But now the customer can avoid these charges.
01:50Earlier, to cancel SIP, you had to request 10 days in advance.
01:55In this case, investors could not guess whether they would have that much money in their account till the date of SIP.
02:02So now with the addition of 3 days rule to cancel SIP,
02:06investors can assume that they have money in their account and can shut down their SIP accordingly.
02:13With this new rule, SIP investors will get a big advantage.
02:17Now they will not be afraid of penalty and they will be able to control their investment better.
02:22This step will not only increase the convenience of investors but will also help them in financial planning.
02:28SEBI's decision is considered to be a big step towards strengthening the transparency and rights of investors in the mutual fund industry.
02:37So what is your opinion on this decision of SEBI?
02:40The obvious thing is that with this decision, you will see a lot of changes in your mutual fund investment and SIP investment.
02:48Now you will not have to pay any charges.
02:51Now your request date has also been reduced.
02:53You can request 3 days ahead instead of 10 days and you can also close your SIP easily.
02:59So give us your opinion in the comment box and keep watching GoodReturns for such updates.
03:04Don't forget to like and subscribe to our channel.
03:10Thank you for watching!
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