Hey, someone already had asked this question and one of the solution that came up was that you could delete the SIP and create a new SIP with the updated amount but then would you still get the effect of compounding when doing that cause the doubt I have that wouldn’t doing that just create a new one under the portfolio tab i.e., for example Tata small cap fund would have 2 tabs within the portfolio tab one with the old amount and one with the new SIP created, that would technically ruin the compounding right? If it does is there any other way to keep the compounding to not break?
Deleting an old SIP and starting a new one won’t affect the compounding of your investment. Compounding happens at the fund level, based on the total amount invested in the fund, no matter how many SIPs or investments you make in it.
On Coin, units from the new SIP of the existing fund will be added to the same holding since it is under the same ISIN.
Logically, compounding is based on the total value of your fund, not on individual SIPs.
I guess I get it. Thanks for the help