You may choose to hold funds in your account on the day of order placement. If you could not hold funds on the day of order placement the funds will be blocked from your linked Bank Account before placing an Order.

For customers who have linked their Axis Bank account with their Trading account and shared the Bank Mandate Letter (BML) (Bank POA (Power Of Attorney) for old customers), the amount will automatically debited from the linked bank account.

For Non - Axis Bank accounts or Non POA/BML accounts, you would have to hold funds for the order to go through.

Equity SIP orders are placed as a single order and hence if an Equity SIP order of Rs. 10,000 consisting of 10 scripts each of Rs. 1,000 is placed and on the trigger date there is only Rs. 9,900 balance available in the client's Bank Account towards trading limits, then the whole Equity SIP orders for that trigger date will get rejected.