If a MF SIP is scheduled for the 5th of every month, when the amount will be debited?

If a MF SIP is scheduled for the 5th of every month, when the amount will be debited?

If a Mutual Fund SIP is scheduled for the 5th of every month, the amount will be debited on the 5th of each month, except if the 5th falls on a holiday. In that case, the deduction will occur on the next working day following the holiday.


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