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  • Ankur Kapur

How to start SIPs

A Systematic Investment Plan (SIP) is a method of investing a fixed sum, regularly, in a mutual fund scheme. SIP allows one to buy units on a specified date of each month so that one can implement a saving plan for themselves.


How to start SIPs

How to get started with SIP STEP 1: Complete know your customer (KYC) formalities To invest in mutual funds, you will first need to become KYC compliant. You would need the following documents:

  • PAN Card

  • Proof of address

  • Passport size photo

  • Cheque book

You can start by visiting the website of fund houses that offers the eKYC facility. At this stage, you will have to provide your name, date of birth and contact details, etc. Upload soft copies of your PAN card, address proof, and photo. STEP 2: In-Person Verification In case the KYC is incomplete, you will need to schedule an appointment for a video call. The objective is to confirm your identity through a webcam. You can also use your Aadhar card to simplify the process.

  • Enter your Aadhar number

  • Enter the OTP sent to your linked mobile number

  • Your basic details will be automatically filled in

No need for verification via a video call STEP 3: Register for a SIP Once your KYC is complete, we will help you set up the account on NSE. It takes 1-2 days for the activation of the account. STEP 4: Select the right SIP Select the portfolio, conservative, moderate, or aggressive and accordingly the SIPs selection is pre-decided. In case, you would like to select your funds, you can do so as well. What Next? Please reach out to us so that we can help you allocate your cash flows into monthly SIPs.


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