MF SIPs
SIP Cancellation, Modification and more
Here are a few reasons why your SIP might not have been debited:
1. 30-day Minimum Gap: There has to be a mandatory 30-day gap between payments of SIP installments. When you set up your SIP, if the gap between that day and the next SIP date is less than 30 days the next month's SIP installment is skipped. After that, all SIP installments happen on time. For example, if you invested on August 6th and chose the 4th as your SIP date, it will get processed after skipping a month.
2. Auto-Pay Not Set Up: To ensure automatic deductions, activate Auto-Pay. Without it, you will need to manually pay for your SIP each time.
To activate Auto-Pay, go to 'SIP' tab and tap on 'Start' button to proceed with setting up Auto-Pay for your investments. Make sure there are enough funds in your linked bank account to avoid payment failures or bounce charges.
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