nach return: High charges on NACH, ECS debit bounce: Even 17% return on mutual fund SIP may not be enough to recover penalties

Mutual fund SIP has become a popular tool for small retail investors to do small regular savings and get the benefit of higher returns from equity market. This facility empowers these small retail investors in a big way. However, the banking facility of ECS/NACH debit which allows automatic monthly deduction can turn this into a nightmare with very high bounce charges especially for small investors if they miss even one investment payment.

Related Keywords

India , Sanjeev Govila , Suresh Sadagopan , Kotak Mahindra Bank , Punjab National Bank , National Automated Clearing House , Axis Bank , Hum Fauji , Nach Return , Mf Sip , Mutual Fund Sip , Nach Debit Return , Ecs Debit Return ,