Ch.9 · KYC and Folio Management · easy
Under which scenario would an SIP instalment be rejected by the AMC/registrar?
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EXPLANATION
SIP instalments are executed via NACH (National Automated Clearing House) bank mandates. If the investor's bank account has insufficient funds, the NACH debit fails and that SIP instalment is rejected. Repeated failures may result in SIP termination.
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