There are two types of rebalancing on Niyo Money - SIP rebalancing and portfolio rebalancing.
SIP rebalancing helps you with updating the funds in your ongoing monthly SIP in all your goals so that fresh investment starts going into the new funds right away. Please note that this involves only the future SIP installments going into the new funds. This does not involve any redemptions or re-investments in the already invested money.
For example, if your SIP were in funds A, B & C and our latest recommended funds are X, Y & Z, then SIP rebalancing will simply modify your *(future) SIP to funds X, Y & Z.
If you have external ongoing SIPs, they will not be rebalanced as we don't have that information and we can't stop SIPs registered with other brokers/platforms.