What happens if I miss my mutual fund SIP instalment?

You might miss a Mutual Fund SIP instalment if you have insufficient balance in your bank account or if your mandate is not approved.

If you miss 3 consecutive SIP dates, then the AMC will cancel your future SIPs
In case of insufficient balance in your bank account, you might be charged a penalty (similar to situations when a cheque bounces). This penalty is charged on ‘non-maintenance of sufficient balance’ for AutoSIP mandates via ECS (Electronic Clearing Service)
For your next month’s SIP to be processed successfully, ensure you maintain sufficient balance
Click here to know how you can pay a missed SIP instalment

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