Can I change my SIP date and investment amount?

[MarynaN]

Having just started a SIP, can I modify the debit date and investment amount? What are the consequences of missing the first SIP payment? Will it lead to cancellation, fees, or negatively impact returns or my credit score?

[Reema]

Yes, you can change the date and amount for your SIP at any time, and you can update this on the mutual fund website.

Your fund house doesn't cancel or charge you for missing your first SIP. But always remember continuously missing the payments can definitely cancel your SIP, so try not to miss your SIP, as this will impact your portfolio.