Find Out How To Open SIP Account In Kotak Mutual Fund

You can invest a fixed sum regularly in mutual funds through Systematic Investment Plan (SIP). You can start an SIP and do your subsequent installments monthly or quarterly as per your needs and convenience. It is recurring deposits in mutual funds.

To open an account you need to fill the required forms along with KYC. You do this online and offline. For online you can fill the forms online and submit. For offline you can download the forms and fill and submit to the nearest branch. Once you are done with the forms you can do your first SIP transaction. This is the procedure of how to open SIP account in Kotak mutual fund.

You will get an account statement confirming your SIP transaction with in a few days. You need not write a cheque for every subsequent installments you can directly debit the amount from your bank account periodically. For this you have to register only once. You get consolidated account statements for every installment on monthly basis.

Kotak Mutual Fund offers SIP as low as Rs.500 and multiples of Rs. 500. The minimum number of installments required is 6. If you fail to do 4 consecutive transactions then the SIP will be terminated.

Increasing the SIP

Once you start an SIP you can increase the amount whenever you want. You need not start a new SIP you can register for the SIP Booster facility. This facility allows you to increase your SIP installment amount at predefined intervals. You have to register for this facility when you fill your SIP form. You can begin with a small amount and then increase your SIP installment amount after an interval of 6 months or 1 year.

How To Open SIP Account In Kotak Mutual Fund | Image Resource : freepik.com

Benefits of SIP

There are many benefits of investing through an SIP account. They are as follows:

You can buy more units when the market is low and less when the market is high. This averages out the cost of buying mutual fund units.

SIP supports the power of compounding. The longer you stay invested the more the benefits of compounding.

SIP is a smart tool as it allows you to invest small amounts. You can break your big goals into smaller amounts. You can invest small amount regularly through SIP to reach your big goal.

Investing through SIP helps you to avoid timing the market.

SIP is a convenient tool as you can invest small amounts monthly without affecting the household budget.

Kotak Mutual Fund offers various mutual fund products in which you can invest through SIP.

How to Open SIP Account Online In Simple Steps

Do you want to manage your savings effectively and gain profit? Why don’t you opt for SIP? SIP – Systematic Investment Plan is one of the beneficial schemes that enable clients to save money and gain profit simultaneously. In this process, the client deposits a specified amount of money in mutual fund for a regular time period. The time duration can range from monthly investment to yearly investment based on the individual requirements of the client. To gain more profit, it is advisable to go for long-term plans as they come with additional benefits.

Open SIP Account Online and Take Home the Fortune!
A majority of the people do not wish to invest in stock markets since they do not know the basics. Some do not know which fund to choose and there are also others who do not know when to enter or exit the market. There are so many factors to be taken into consideration if you wish to open SIP account online. To know more about the schemes, you need to get help from financial advisors. You must also research a lot and get the investment scheme types, plans and other details.

Opening SIP account online can be done by following a few simple steps. The first step is to provide your basic details which include your name, address, telephone number, photograph, etc. You can fill in all the details through the KYC links provided in every mutual fund website. Investors must also upload different documents that include a scanned copy of the pan card and address proof. IPV - In-person Verification process will also be conducted to check your physical existence. Once all these processes are completed, your account will be created within a short span of time.

Open SIP Account Online | Image Resource : freepik.com

Benefits of Choosing SIP online
Creating SIP online is not a challenging task as it can be done by following a few simple steps. SIP account online comes with a plethora of benefits of which some of them are mentioned below.

• You can invest small amount as low as Rs.500 per month 

• Since investment is done on a regular basis, you will have a disciplined saving. 

• Market fluctuations will not have a drastic effect on the amount you invest. 

• You can withdraw your investment amount anytime irrespective of the type of scheme. 

• SIP is quite simple and you can do the process online without hassles. 

These are the reasons why many investors choose SIP over other types of investment schemes. So choose SIP scheme today and multiply your profit!