How to start Mutual Fund SIP?

You can start a Mutual Fund SIP online. You need to open an account with a broker offering Mutual Fund services or register with an AMC/fund house to start SIP.

Steps to start Mutual Fund SIP with a broker:

• Shortlist a broker.
• Open an account.
• Access the MF trading platform offered by the broker.
• Select the MF scheme for investment - Direct or Regular.
• Set the SIP amount and frequency.
• Make the first payment.

Note: It is better to register for auto-debits/mandates that will make the SIP payments on the set date. This will save from any defaults and the need to remember the dates manually.