Missed your mutual fund SIPs? Here is how to avoid cancellation of the SIP
SIPs. Here are some steps you can take to avoid cancellation of your SIPs.
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1. Investors tend to miss a systematic investment plan (SIP) instalment when there is an insufficient balance in their bank accounts.
2. The mutual fund AMC does not levy any penalty or charges for a missed SIP instalment.
3. The bank may, however, charge a fee for failure to maintain the required balance for an auto debit mandate.
4. Three consecutive missed SIP instalments leads to SIP cancellation.
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