Mutual fund

[Akshay rathour]

Hi All

I m investing in mutual funds (SIP) through paytm money. Now I want to stop that and want invest through other app.

1. Can I stop and invest through other app on same fund
2. Can I invest from both the app
E.g I have a SIP in index fund of 2000.
Can i invest again on same fund through other app.

 

[17ysaurabh]

Hi All

I m investing in mutual funds (SIP) through paytm money. Now I want to stop that and want invest through other app.

1. Can I stop and invest through other app on same fund
2. Can I invest from both the app
E.g I have a SIP in index fund of 2000.
Can i invest again on same fund through other app.

Yes, Akshay.
1. You can stop/cancel the SIP in your current app and invest using another app on the same fund. Also, you can easily track the amount invested so far in the new app.
2. You can also invest using both apps simultaneously.

I've done something similar myself using Groww and the INDMoney app.