What happens to the principal investment in a SIP even if one does gain after locing period?

Question

Suppose any one wants to invest in HDFC taxsaver scheme which comes under SIP and after 5 year it promises 4 fold return.Even if one does not get the return what will happen to the Prinicipal investment which is invested. WIll he get it even if he had opted for growth fund which says high growth means high risk? If one does opt for balanced fund will he keep his principal investment more secured than that of a growth fund.

Answer 1

SIP-It is a systematic Investment Plan, through which u invest in the money market instrument in a systematic way i.e. going on investing per month for a small amount of money and thus averaging Ur cost by investing at all odds and ins of the market, So if u have invested through SIP there must be a growth in the market because yoUr purchase price is always averaged, by investing at different prices, There is no performance guarantee in any fund, Still if someone said that u r going to get ur money 4 folds it is a misrepresentation of the scheme, It is true that while opting for a Growth fund- The exposure to the share market is the maximum one, Where as option for Balance fund has exposure to debt market the most one making the Principal more secured than growth option.
In this market it is obvious the greater the risk is the greater the return is, but not sure.