Min SIP Amount is the smallest amount you can spend each month with a SIP.
It varies from one mutual fund to the next.
An SIP can be cancelled at any time after it has been started. You should not have to spend in a SIP for a set period of time.
The minimum SIP investment rate is frequently much smaller than the minimum lump sum (one-time) investment amount.
A mutual fund, for example, may have a minimum SIP amount of Rs 500 and a minimum lump sum amount of Rs 5000.