SIP Tips: What happens if you miss the due date for your SIP? Here is what the rules say..

For the millions of investors investing in mutual funds via SIPs, it sometimes happens that an installment is not deducted on time due to insufficient bank account balance or technical issues. In such cases, Asset Management Companies (AMCs) generally do not impose a penalty; the investment for that specific month simply does not take place, and the corresponding fund units are not purchased.

A single failed SIP installment does not affect the amount already invested. The units you hold remain in the fund and continue to generate returns based on market performance. If sufficient funds are available in the account the following month, the SIP resumes as usual.

**Banks May Levy Charges**