SIP Activation
Brief about SIP Activation
If your mandate is active, your SIP will be deducted on the due date you select. However, you must choose a date that is more than 30 days away. If you sele...
Thu, 20 Feb, 2025 at 12:49 PM
Bank Mandates are basically a pre-approved limit on your bank account which can enable regular payments on a fixed date. A mandate amount is just a limit an...
Wed, 1 Jun, 2022 at 4:22 PM
To cancel your SIP, follow these steps: In Choice FinX App : Open the Mutual Fund Portfolio section. Tap on Upcoming SIPs. Select the SIP you wan...
Thu, 20 Feb, 2025 at 3:43 PM
Deduction of SIP from your bank account depends on the approval status of your bank mandate. Banks typically take 15 days to one month to approve a Bank Man...
Wed, 1 Jun, 2022 at 4:28 PM
Deduction of SIP from your bank account depends on the approval status of your bank mandate. Banks typically take 15 days to one month to approve a Bank Man...
Wed, 1 Jun, 2022 at 4:32 PM
There is no option to skip the SIP. The solution for this is to stop the SIP and restart again as per your need.
Wed, 1 Jun, 2022 at 4:32 PM
If any of the SIP installments is missed, then you can do additional purchase in the fund where SIP is going on. Such additional Purchase can be initiated b...
Wed, 19 Oct, 2022 at 7:07 PM
If you don’t maintain a sufficient balance on the due date, your SIP installment will fail and get reversed, meaning the investment for that month won’t go ...
Thu, 20 Feb, 2025 at 4:16 PM
SIP stop and Redemption are two different transactions. Hence doing one of these transaction does not trigger another. Redemption transaction only means tha...
Wed, 1 Jun, 2022 at 4:36 PM
Once the SIP tenure is complete, the auto debit from the bank will stop but the existing investments will remain in the fund and will continue to get return...
Wed, 1 Jun, 2022 at 4:36 PM