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What if I do not have sufficient balance on the SIP day?



  • If you miss your SIP payment, you need not worry. Your SIP will continue and will continue from next instalments. However, if you miss your SIP payment two consecutive times, then it may lead to termination of your SIP. Your investments may be sold off at the latest price and money will be credited back to your bank account.Your bank might levy charges for any such low balance incident. Hence, keep yourself informed of such charges.
     We recommend that you ensure that your bank account has enough balance to make the SIP payment to avoid such hassles.
     You can always keep a track of your scheduled transaction from your Portfolio in the app.
     For your convenience, we also send a reminder 2 days before your SIP instalment due date.

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Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347