Need A Financial Product Forums Trading/Investments Will my SIP bounce due to insufficient balance

This topic contains 1 reply, has 2 voices, and was last updated by  Thomson 2 years, 7 months ago.

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  • #46713

    Thomson
    Member

    If I have Rs. 3,000 in my savings bank and the very next day, ECS for SIP in Direct Growth Option Plan of ICICI Prudential Focused bluechip equity for Rs. 6,000 is due. What will happen then? Will the SIP be bounced or will they use the available balance towards it and treat the balance as due?

    #46714

    Nikita Shah
    Member

    Due to insufficient balance in your account, your SIP will be bounced for this time. There are many fund AMCs that cancel your SIP if it bounces for 3 times over the SIP term or in one year.

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