How to invest in SIP?
How to Invest in SIP Learn how easy you can start investing in online SIP sitting at home in some simple steps. Nowadays, when everyone is adopting SIP for investment,
you also know how you can also use the method of SIP to invest in mutual funds. Learn how to invest in SIP.
How to invest in SIP
SIP is the best way to invest if you are planning to invest in mutual funds. Many investors who want to start investing in an equity mutual fund scheme through systematic investment plan SIP i.e. We are telling you how you can start sips online from your home or office on the computer. Read here how to make One crore rupees from investing in SIP.
How to invest in SIP
You can also invest in SIP and add small sums of money and fill the pitcher with drop by drop.
How to invest online in SIP – Step by Step Guide
KYC
The first thing you have to do before starting sip is to meet the requirement of Know Your Customer (KYC). KYC is required to invest in mutual funds. You need to submit an identity proof, address proof and photo for this.
Necessary Papers
You will need the following documents to get KYC done:
- PAN Card
- Proof of address
- Passport Size Photo
- Cheques (to provide bank details)
KYC Process
Start by visiting the website of the fund house providing EKYC (i.e. Electronic KYC) facility. You can also go to an online portal of registrars and transfer agents like CAMS and Karvy.
Here you will have to provide basic information including your name, date of birth and contact details. As per the details provided, soft copy of your PAN card, address proof and photograph will also have to be uploaded.
You may have to schedule an appointment for a video call. The aim is to confirm your identity through a video call. You also have to show your PAN card and address proof at this level.
Register for SIP
Now you have to register for SIP in the mutual fund scheme of your choice. First visit the website of the fund house offering the scheme.
Look for a link to register a new account.
Once you click on this link, you will be moved to a simple application form. Here, you have to fill in your basic personal details and contact information.
At this point, you must choose a user ID and password to transact online.
Choose a Mutual Fund Plan
After all the preparations, you have to tell you your chosen plan. You have to choose a plan for investment carefully. Fund houses offer many options for investing in equity funds. Choose your plan from the type of equity fund you have given here according to your financial objectives and risk-taking capacity.
So here we have tried to explain in detail and in an easy language how to invest in SIP. Now you can also invest in SIP to get your financial objectives and add small sums of money and fill the pitcher with drop by drop.
Hi , This is Pramod Choudhary from Nagaur Rajasthan India. I an student and I would like to share my positive thinking with everyone that's my passion . Thank you
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