On May 28, 2025, BFC Capital proudly conducted its 275th Quality Circle Program at the Veridian Inn Hotel in Lucknow. The session, led by Senior Wealth Manager Mr. Sparsh Awasthi, centered on enhancing financial awareness among the hotel staff. With practical insights and expert guidance, the program aimed to empower attendees with essential knowledge about personal finance and smart money management. This initiative highlights BFC Capital’s ongoing mission to foster financial literacy across diverse professional communities.
What if I miss an SIP? Will I get fined for that?
No, not at all! If there’s no money in your account on SIP debit day, it will just skip or bounce that month. But it’s better to maintain that balance so that your investing habit stays consistent.
What is the AMC managing my money that shuts down? Will I get my money back?
No. Your investment is safe even if an AMC shuts down. The money is held separately under strict SEBI rules and guidelines, and it will either be transferred to another fund manager or refunded to you!
Can I increase my SIP amount if my salary increases as well?
Yes. You can increase your SIP amount anytime according to your income changes. This is called a step-up SIP—it helps your investment grow faster as your income grows.
What is the right age to enter into mutual funds?
There is no right answer for this; the sooner, the better. Even if you’re in your early 20s or 30s, starting now gives your money more time to grow through compounding. There is no such thing as too early or too late in mutual funds!
