Friday, September 21, 2018

How to Invest In Sip Online

Many investors may be thinking of starting new investment, as the new financial year begins. Mutual fund sip is the best way to invest if you are planning to invest. But the highest priority of investors is Systematic Investment Plan (SIP).

You might be thinking how to invest in sip online, it a straightforward online procedure. You don’t need to rush in lines and tangle yourself in paperwork. Just open your desktop or laptop, and you can operate a SIP from your residence or at the workplace.

It’s mandatory, before starting a SIP, all the customers or investors need to know their KYC (Know your documents). Some basic rules which every person needs to follow all need to submit their Address proof, identity proof and photograph and needs to be in person which will confirm their physical existence.

How to Invest In Sip Online
How to Invest In Sip Online | Image Resource : thinkplandoact.in


Steps to eKYC and learn on how to invest In Sip Online

STEP 1 – Requirement of all necessary Information: It states all your personal information like Name, date of birth, mobile number, address etc.

STEP 2 – Need to upload all the necessary documents, in identity Proof you need to submit a scanned copy of PAN card (Permanent Account Number) and address proof.

STEP 3 – Next step is the video call, i.e. IPV (In-Person Verification). You need to select a time slot suggested by the fund house. You need to come in person over video call or through web cam. You need to keep handy your PAN card and address proof; you might be asked to show during your call.

Procedure for Aadhar based eKYC and learn how to Invest In Sip Online

We all know, aadhar card has become an essential document for any investments, and it makes procedure ease. Just need an Aadhaar number and authenticate with an OTP which will send by UIDAI. It will validate your form with all necessary details in Unique Identification Authority of India database. In this procedure, you don’t require IVP.

UIDAI contains all your biometric information. Along with Aadhar card, its mandatory to have PAN card or else you’re your investment limit will be Rs 50,000/- per financial year.

The essential benefits you can have for SIP mutual funds will be long-term gain, flexibility in investment and compounded benefits.

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