News From Press Mutual Fund SIP: What happens when you miss a monthly contribution?

Mutual Fund SIP: What happens when you miss a monthly contribution?

Source: Mint Oct 17, 2022

A Systematic Investment Plan (SIP), commonly referred to as SIP, is a payment feature provided by mutual fund companies that allow investors to contribute a certain amount to the mutual fund scheme of their choice on a monthly basis at predetermined intervals. Investors must authorize Electronic Clearance Service (ECS) and National Automated Clearing House (NACH) with the bank in order to have the chosen SIP amount automatically debited from their bank accounts.

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