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What is the maximum period for which I can skip my SIP installment, and will I be charged for doing so?

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What is the maximum period for which I can skip my SIP installment, and will I be charged for doing so?

You can skip your SIP installment for a maximum of two months. If you skip beyond two months, your SIP will be cancelled.

There is no penalty for skipping an SIP installment. However, it is important to note that skipping an SIP installment will reduce your overall investment amount and may also impact your returns.