How to start Mutual Fund SIP?

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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.


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