AMC SIP penalty for insufficient balance


Is there any penalty if there is insufficient balance in the trading account on the date of the AMC SIP?

Also what is the behaviour of AMC SIP in case of insufficient balance? Like Zerodha’s SIP tries for 5 days and then fails I guess, what happens in case of no balance in an AMC SIP?

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No penalty.

Won’t be retried. The next installment will only be during the subsequent month.

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