If application is rejected, full amount will be refunded within five business days of the closure of New Fund Offer Period or within such period as allowed by SEBI. If refunded after the time period stipulated under the Regulations, interest @ 15% p.a. for delay period will be paid and charged to the Abakkus Investment Managers Private Limited (“Abakkus AMC”), Investment Manager to the schemes of Abakkus Mutual Fund.

SIP is a facility enabling investors to save and invest in the Scheme at frequency/dates prescribed by the Mutual Fund, by submitting post-dated cheques/payment instructions. For further information on enrolment for SIP facility, please refer to the Scheme Information Document available on the website of Abakkus AMC.

Investors will have the right to discontinue/cancel the SIP facility at any time by sending a written request to any of the Official Point(s) of Acceptance. SIPs shall be cancelled within five business days of such request placed by the investor. On receipt of such request, the SIP facility will be terminated. It is clarified that if the Fund fails to get the proceeds from three Instalments out of a continuous series of Instalments submitted at the time of initiating a SIP, the SIP is deemed as discontinued.

In case of auto cancellations, uniform timeline for treating a SIP as closed/cancelled shall be as specified by SEBI.

Number of failed debit attempts prior to cancellations of SIP for weekly, fortnightly and monthly shall be 3 attempts and in case of bi-monthly or higher interval/frequency shall be 2 attempts.