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What happens if my SIP falls on Holiday?

If your SIP instalment date falls on a holiday (including weekends and bank holidays):

Auto-Debit Adjustment: The instalment amount will be debited on the next working day.
Unit Allocation: The mutual fund units will be allotted based on the NAV (Net Asset Value) of the debit date, not the original SIP date.
No Action Required: You don’t need to take any manual action. The process will be handled automatically by the bank and AMC.

To ensure smooth transactions, always keep sufficient funds in your bank account to avoid auto-debit failures.

Last updated: 8 Months Ago

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