KYC update fees and MF payment glitches are reshaping how Indian investors map SIPs. From transparent modification charges at Groww to UPI payment hiccups, the friction is real. Here's how to navigate.
KYC friction and transparency Groww charges a 'modification fee' for updating KYC details; the charges stem from depository costs through CDSL/NSDL. Many brokers hide these costs in AMC, while Groww shows them openly [1].
Failed MF payments and steps to resolve If an MF payment fails, reach out to your broker's customer care. If unresolved, file a UPI complaint via NPCI; refunds typically take 3-5 working days [2].
Long-term asset mix chatter Investors discuss SIPs around Parag Parikh Flexicap and Nippon India Small Cap; debates cover large-cap/ELSS/midcap exposure and whether to add gold. The question remains: lump sum or staggered SIPs [3].
Practical SIP planning tips - Check how brokers charge for KYC updates; Groww shows a transparent modification fee while some brokers bury costs in AMC [1]. - If MF payments glitch, contact your broker promptly; escalate to NPCI’s dispute mechanisms if needed [2]. - Build a diversified SIP plan with Flexicap and Small/Mid-Cap funds, and consider gold as a diversification option [3]. - Maintain a liquidity buffer in a Liquid Fund (1.5-2L) for emergencies [3].
Closing thought: friction is here to stay, but transparent costs and diversified SIPs can weather the bumps.
References
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