What if the SIP amount is not maintained in a savings account on the SIP date. What will be the bounce charges ?

• Related Articles

• Do I need to login on every Mutual Fund SIP date to place the Mutual Fund SIP orders?

  No, once you register a SIP request , basis of instructions Exchange will trigger the SIP orders on every SIP date, SIP will be executed on the successful SIP amount debit.

• What if the SIP is not debited from savings account for a particular month, will the same be continued for next month ?

  Yes the SIP for the next month will continue to be debited.

• At what price will Client's Mutual Fund SIP orders be placed and where client can see details for the same?

  Units will be allotted at closing NAV of the scheme on the SIP date or the applicable business date if the SIP date is a non-business day. You can view the details of all successfully placed SIP orders in your account in the normal Mutual Fund SIP ...

• When will the running account amount be settled?

  If you have opted for Monthly settlement, running account shall be settled on first Friday of each month. If you have opted for Quarterly settlement, it will be settled on the first Friday of every Quarter. If the first Friday is a trading holiday, ...

• How running account amount is calculated before releasing the final payout?

  In case you have any open position on first Friday of the Month / Quarter on which settlement of running account of funds is scheduled, IIFL may retain funds calculated in the manner specified below: Outstanding pay-in obligation/Debit balance at the ...