1.A missed SIP Installment Occurs when there is not enough amount in the account.
2. Mutual Funds Don’t To punish To lose one SIP installment.
3. However, the bank will charge you a fine for insufficient funds and non-payment of auto-debit.
4. A mutual fund will cancel the SIP only after three consecutive missed installments.
5. Existing Investment Investment and earning will continue Return,
2. Mutual Funds Don’t To punish To lose one SIP installment.
3. However, the bank will charge you a fine for insufficient funds and non-payment of auto-debit.
4. A mutual fund will cancel the SIP only after three consecutive missed installments.
5. Existing Investment Investment and earning will continue Return,
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Content on this page is courtesy of Center for Investment Education and Learning (CIEL).
Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.