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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. ....

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