How to open a Systematic Investment Plan?

vmuruganandham 1
Viewed 3019

how to open a SIP in mutual funds? what are all the ways to open SIP? so that to reduce brokerage & reliable.

systematic-investment sip mutual-fund investment
1 Answers

There are multiple ways to start a SIP in mutual funds

  1. Download mutual fund forms, fill it and submit it to nearest mutual funds branch or CAMS/Karvy office.
  2. Investing online through your trading (demat) account like ICICI securities, Kotak Securities, Indiabulls etc.
  3. Investing online through an investment account opened with your bank account. Some of the banks like Kotak, HDFC etc offers this facility.
  4. Investing through online platforms like MoneySights, FundsIndia or FundsSupermart.
  5. Investing directly in mutual fund online iSIP. Most of the AMCs like HDFC, Reliance, DSP blackrock, Reliance etc supports this.

You should definitely read below articles for more details:

  1. How to transact in Mutual Funds online
  2. Mutual Fund Investment with zero entry load, brokerage and service charge
Pankaj Batra5212
Related