In case you have a Kotak Trinity account (3-in-1 account),
The funds for your SIP instalment will be automatically transferred from your linked bank account into your trading account on the SIP due date (known as the auto-debit facility) and the orders will be placed.
If the bank account does not have sufficient balance, but there is sufficient ledger balance available, the orders shall go through successfully
The bank account will be debited even if there’s a ledger balance which is greater than the SIP amount.
SIP instalment orders will be processed only after clearing all pending debits
Please take note, since the orders are placed after transfer of funds (auto-debit), there might be a difference in the fund transfer amount and the actual traded value.
In case you have a trading account which is NOT a Trinity Account,
The orders will be placed if there is sufficient margin available on the SIP due date, given all pending debits are cleared
To Add funds,