Missed your SIP instalment due to insufficient funds? Here’s what happens next
1 year, 11 months ago

Missed your SIP instalment due to insufficient funds? Here’s what happens next

Live Mint  

How many times have we been told to stick to our investments through systematic investment plans? However, at times, investors miss out on their SIP instalments owing to low balance in their savings accounts. At the outset, it may seem innocuous as asset management companies do not penalize their subscribers for missing out on SIP instalments. Investors may contact their distributors or AMCs online or offline and submit a request to pause SIP 10 days prior to the next SIP due date. Only after three consecutive missed instalments will the mutual fund house cancel the SIP, which means you have enough time to replenish your savings account to continue with your investments.

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