The recurring payments are deducted using E Mandate facility. The funds are deducted from your account and then sent for purchasing the Mutual fund that you have selected. To ensure that you always get the NAV of the chosen SIP date, the funds are deducted 1 working day in advance to accommodate for any delays by Banks to settle the payment.
Modified on: Thu, 29 Aug, 2019 at 12:19 PM
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