What happens when I miss an SIP installment?
Missing an SIP installment usually happens due to insufficient balance in your bank account. There are no severe consequences to this and the AMC or broker does not charge you for the same. However, your bank may charge you for not maintaining the required balance and missing the auto debit payment through ECS. This charge may range from ₹100-₹750 depending on your bank. It is thus advisable to pause your SIP incase you do not have sufficient funds. You can later resume the SIP after you have deposited the required amount in your bank account. Also, it is important to note that missing 3 consecutive SIP installments will lead to automatic cancellation of your SIP by the AMC.
How to Switch/SWP? (Mutual Fund Scheme Switch / Set up a Systematic Withdrawal Plan)
Where can I check my Mutual Fund holdings? / Where can I check my MF holdings? / Where can I check my Mutual Fund Portfolio?
How to Invest in Mutual funds through Kotak Securities?/ What is the new flow for Investing in Mutual Funds?
How to STOP/Modify your Mutual Fund/MF SIP?