How To Start A Sip Or Systematic Investment Plan Online: Fill & Download for Free

SIP or Systematic Investment Plan is a mode of investing in Mutual Funds. With a SIP the money gets invested for regular duration (mostly monthly) to generate wealth. SIP is one of the best ways to invest in Mutual funds as their no burden of investing huge amounts in one go. Investors can invest small amounts regularly to create wealth. Also, the minimum amount of investing in SIP is as less as INR 500, which makes it further more convenient for investors. As per an analysis of the stock market, it is seen that SIP returns are better if one remains invested for a long duration.Read more about SIP here - Systematic Investment Plan(SIP)| SIP calculator | Best SIP PlansWhy SIP over Lump sum?Though, a better mode of investing in Mutual Funds may vary from person to person, there are certain reasons that demonstrate the effectiveness of SIP. These include-Affordable for all: The minimum amount of investing in SIP being low, it is suitable for all kinds of investors.Cost Averaging of Assets: As the investors investing via SIP buy units spread over time so the price of units differ due to market fluctuations. So, the investors often get the benefit of averaging cost.Compounding Benefits: Unlike lump sum investment, the investment via SIP gets compounded annually. Thus, offering better returns.Read more- SIPs Vs Lump sum. Are Systematic Investment Plans better ?How to invest in SIP?Investing in SIP is easy if done in a proper manner. The procedure of investing in SIP is as follows-Get your KYC (know Your Customer) Registration done with any of the KRAs or through online distributors. Do your KYC here- Fincash.comOpen your account to invest in Mutual FundsSelect a best Mutual fund you wish to investChoose a convenient date and the amount you need to investOpt for a biller so that the SIP amount gets deducted automatically every monthKnow the best SIP investments here- SIP Investment | ELSS Mutual Fund, Balanced Funds, Large-Cap FundsHow to cancel your SIP?Just as the process to invest is easy, the cancellation is easy as well. Investors can cancel their SIP at any time they want. To cancel the SIP, you have to fill a SIP cancellation form. The details to be filled in a SIP form include-Folio NumberScheme NameApplicants NamePan NumberMF Plan & Option (Growth, Dividend, Bonus)SIP AmountSIP Period: Start Date and End DateBank details of ECS deductedSIP cancellation is done within 30 days approximately after submitting the cancellation form.Know the detailed SIP cancellation process here- How to Cancel SIP | Details of SIP Cancellation Form | Cancel SIP OnlineMoreover, the investors can know their SIP returns using a SIP Calculator.Fastest way to grow money - Systematic Investment Plan!More reads-Top 10 SIP Mutual Funds To Invest in 2017 | Best Mutual Funds in IndiaRisk in SIP or SIP Risks | Is SIP Investment Risk-free? Invest in Top SIP

Thanks for A2A and Congrats on thinking so early about investment.SIP (systematic investment plan) is way to invest in mutual fund on regular basis. Most popular frequency is monthly.So, if you invest every month for at least 6 months in mutual funds you are effectively doing SIP in mutual funds.Investing in SIP is very profitable. The only reason is you keep investing.People have made crores by doing SIP.Become A Crorepati in 15 Years - GrowwHow to start SIPSIP is offered by fund houses and can be used through mutual fund distributors or online platforms or through fund houses directly.It is very important to make a start with Systematic investment plan along with increasing the investments in line with the rise in income by doing new SIPs.Once a certain target in terms of return is achieved, or if the financial goal for Systematic investment plan is near, the SIP can be terminated and you star to withdraw money.Operational Process for SIPKYC (Know Your Customer) Verification (identity proof, address proof and a photograph) (Some distributors like us help you do it)Open a account with mutual fund distributor or fund house directly.SIP transaction in which you need toSelect a mutual fund/ portfolioDecide the amountDecide dateDo first transactionRegister mutual fund/ bse as biller so that money automatically deducted from you account.Tracking SIPIt is essential to review investment portfolio at least once in a year and take corrective action wherever necessary. In case you are approaching your target, you may need to shift your money out of volatile assets such as equities and put it into the safety of a debt fund.It is not necessary that SIP would always generate positive returns. SIPs only assist to average out the costs of investment but if period is long enough mostly it will be positive.Its a very good idea to SIP early as you will see huge compounding effect.Time Period: 38 years (assuming 60 as retirement age)Investment Amount: Rs. 1000/ monthExpected Returns: 16%Final Amount: Rs. 2.25 Cr (SIP Calculator in Excel can share if somebody need it. Just message me your gmail id)Based on the above data you need to invest ~Rs. 15,000 per monthBelow chart suggest getting 16% is reasonable.I have created a portfolio of mutual fund on Groww that I feel will generate good returns mostly more than expected.You can check out: Start Investing with SIP of Rs 1000 - GrowwHope this helps.Happy Investing!Ishan BansalCo-Founder Groww

Thanks for A2A.Mutual funds today are the only category of investment products that a retail consumer can use to effectively beat inflation while growing his wealth.Investment into Mutual Fund can be done either through Lump Sum (One-time-investment) or Systematic Investment Plan (SIP) with Daily/ Monthly/ Quarterly frequency.An SIP or a Systematic Investment Plan allows an investor to invest a fixed amount regularly in a mutual fund scheme.Choose the right platform that would help you set-up a goal specific investment portfolio. The steps to get started are fairly similar:Get your KYC doneSelect a portfolio/ advisory platform that helps you select the right fund(s)Invest regularly - ideally monthly in an SIP.SIP gives benefit of unit cost averaging nullifying the impact of market volatility. It is a disciplined approach to investing which uses the power of compounding to build wealth in long term.Use the SIP calculator to calculate the wealth gain and expected returns on your SIP investments. You can also find Top performing Mutual Funds here.Once you have opted for a SIP through the platform, you will receive a NACH mandate form through email. This NACH mandate form needs to be signed by you. You need to ensure that you do not make any other modifications on the NACH mandate else your NACH mandate would be rejected by your Bank. Once you have signed the NACH mandate, logistics partner would contact you and pick up the NACH mandate and that would be sent to your Bank for registration. Once this NACH mandate has been registered by your Bank, the amount of your investment would be debited every month from your account and sent to the AMC for investment. You would have the option of stopping or pausing this SIP through the platform as per your choice. You can also directly stop this SIP directly with the AMC.SIP has primarily two benefits:First, it can help you to invest in Equity or equity linked funds and average our your costs of equity purchases over a period of time. This cost averaging works wonders as it's practically impossible to time the markets. Various researches in the markets have shown that the probability of losing money through SIP investments goes down substantially with time. Hence the longer the SIP period the more are your chances of making money from your investments.Second, SIPs also help salaried investors to systematically invest money. Salaried class investors get monthly salary and through SIPs can invest their money systematically from their savings. This discipline enforces saving and investing. Two cornerstones of building wealth.You can use our platform Upwardly: Invest in Best Mutual Funds Online and start a SIP anytime. We rank Funds in order of their performance and you can check out our rankings and invest and in any of the funds. Better still, we have created forward looking portfolios if best funds which we expect to do better than others over a period of time. You can start a SIP in those portfolios as well.Hope this answers your question.