Why were the AMC SIPs cancelled?

As per the circular (PDF), starting April 1, 2024, AMC SIPs will be cancelled if payment for three consecutive SIPs fails. To continue investing, create a new AMC SIP. To learn how, see How to set up AMC SIPs on Coin app?

AMCs may also decide to cancel the SIPs for these reasons:

• Merger of schemes.
• Suspension or restrictions on schemes.
• Consolidation of schemes.
• Winding up of schemes.
  

Did you know? Zerodha SIPs will not be cancelled if payment for three consecutive SIPs fails. However, they will be cancelled if the scheme has undergone any corporate action, like a merger, or if it has been suspended.