Invesco Mutual Fund has revised its rules for daily Systematic Investment Plan (SIP) instalments, allowing debits on weekends and public holidays starting October 26, 2026. This change aims to provide greater flexibility for investors by enabling daily instalments to be deducted every calendar day, though processing will occur only on business days.
- Daily SIP instalments can now be debited on weekends and public holidays.
- Instalments debited on non-business days will be processed on the next business day.
- The change applies from October 26, 2026, and affects eligible schemes under Invesco Mutual Fund.
- Scheme Information Documents (SIDs), Key Information Memorandums (KIMs), and the Statement of Additional Information (SAI) have been updated accordingly.
What is a daily frequency SIP?
A daily frequency SIP allows investors to invest a fixed amount every day, instead of monthly or quarterly. Previously, instalments were only processed on business days. If an instalment date fell on a weekend or public holiday, no instalment was collected for that day.
How has Invesco Mutual Fund changed the daily SIP instalment rule?
Under the revised rule, instalments can be debited from the investor’s account on every calendar day, including weekends and public holidays. However, if the instalment is debited on a non-business day, the transaction will be processed on the next business day when the market is open.
What happens when instalments are debited on weekends or holidays?
Even though the instalment amount is deducted on weekends or public holidays, the mutual fund processes the transaction and allots units only on the immediately succeeding business day. This means the money is invested once the fund house processes the transaction on a working day.
How will this change affect investors?
This update ensures that investors’ accounts are debited daily without missing any instalments due to market holidays or weekends. It provides a more consistent investment experience and helps maintain the discipline of daily investing.
Where can investors find details about this change?
Invesco Mutual Fund has issued an addendum to the Scheme Information Documents (SIDs), Key Information Memorandums (KIMs), and the Statement of Additional Information (SAI) of its schemes. These documents outline the scheme objectives, investment strategies, risks, and terms. The addendum forms an integral part of these documents and reflects the revised daily SIP instalment rule.
Are other terms and conditions affected?
All other terms and conditions of the SAI, SIDs, and KIMs remain unchanged. The revision applies only to the daily frequency option under the SIP facility in eligible schemes offered by Invesco Mutual Fund.
In summary, Invesco Mutual Fund’s revision to the daily SIP instalment rule enhances convenience for investors by allowing instalments to be debited every calendar day, including weekends and holidays, while processing transactions on the next business day. This change takes effect from October 26, 2026, and aims to improve the investment experience for daily SIP investors.
