Invest in SIP online
If you think there’s hell of a lot of paperwork and other formalities for investing in SIP, then it’s time to rid yourself of all those inhibitions since you can definitely invest in SIP online. For online SIP investment, all you need is a 3-in-1 account with a registered stock broker and that’s it! You’re good to invest. Top stock broking houses offer you advisory services where they recommend the best SIP investment plans that you can invest in using their online trading portal.
How to start SIP investment in India?
You can invest in SIP in India by following the 3 simple steps mentioned below:
So, 1…2…3…You Have SIP!.
Step 1 – Keep all the required documents handy
All you need to start a mutual fund SIP is the following documents:
- PAN card
- Address proof (driving license, utility bill, bank statement)
- A chequebook
- A passport size photograph
You just need to scan these documents and keep soft copies ready. It will always be good and make your application quicker if you have your Aadhar Card soft copy handy as well. Once you have all these documents ready, you can process your SIP account online with ease.
Step 2 – Complete your KYC
You will need to complete your KYC requirement for investing in SIP in India. For investment purpose, mutual funds will require your details such as name, date of birth, address, and mobile number for completing your KYC.
Don’t worry! This is a simple formality where you can visit the website of your chosen fund house or even the broking house’s website and fill out all the required information, which may include submitting a soft copy of your PAN card and address proof document.
Once you have completed your KYC, simply visit the website of your chosen broking house and look for the start your SIP online or Register or New Investor links and click on them. Simply create your login ID and password by following the on-screen instructions and fill out all the required details. Next, simply click on the mutual fund SIP scheme of your choice and follow the on-screen details for investment.