An SIP instalment is missed either when the balance in your bank account is insufficient at the time of deduction or your SIP is not linked to your approved AutoPay.
However, you may choose to make a one-time investment of the same amount in the same mutual fund for the current month.
Steps to pay your missed SIP instalment:
Step 1: Login to the Upstox app using your 6-digit Pin or Biometrics.
Step 2: Go to the ‘Discover' tab from the bottom navigation bar and click on ‘explore funds’ from the ‘Mutual Funds’ section.
Step 3: Select the fund and click on ‘One-time’.
Step 4: Fill in the required information as per the missed SIP instalment and make the payment.
Note: In some funds, one time investments may not be possible.
Click here for more information on how to place a one-time MF order.