How to Start a SIP?

A Systematic Investment Plan [SIP] offers a simple and affordable way for beginners to start investing in Mutual Fund schemes
 

Here’s how to get started with SIP:

1. Identify your financial goals & investment objective.
 

2. Decide Asset allocation & investment horizon according to your risk return appetite.
 

3. Select the suitable fund category

• Debt Mutual Fund

• Equity Mutual Fund

• Hybrid Mutual Fund
 

4. Complete your KYC (Know Your Customer) procedure.

• It is a one-time mandatory exercise to invest in Mutual Funds.

• Process can be done in physical mode or digitally (Online) mode.

• Complete your KYC digitally (Online) by using camera & microphone enabled mobile phone/laptop by Clicking Here

• For Digital KYC (Online), keep the following ready:

- Identity proof: Self-attested PAN copy.

- Any of the following as address proof: Aadhaar card/Driving License/Voter ID/Passport/Offline Aadhaar (downloaded within 3 days)/Aadhaar Digilocker.

- Cancelled cheque copy with the name as per your ID or address proof.

- Image of your signature on plain paper.
 

5. Once, you’re through with the KYC process, choose the suitable Mutual Fund scheme for your goal from the selected category/fund.
 

6. Determine your SIP frequency, date and amount.
 

7. Submit the application form after completing the details.
 

Congratulations! You can now begin your financial journey with a SIP.
Read More about Digital KYC