As an investor if you have finally decided to start SIP online & are worried as how to go about it? Then we have the best answer for you. Simply, log into Kotak Mutual fund website, relax, sit back & enjoy the simplest process.
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| Starting a SIP Online | Image Source : Pixabay.com |
Starting a SIP online is simple 4-step process.
- Decide your investment amount.
- Select your investment frequency.Set a Date.
- Choose a Mutual Fund for SIP.
Once the set-up is complete, the process takes place automatically – no additional effort required from you. You live your life – while your money goes to work, earning additional money for you. Here are the necessary steps that you need to follow if you wish to opt for SIP investments:
1. Complete the required documents: Following documents are mandatory:
- Identity proof: PAN card,
- An address proof: Driving licence/bank statement/utility bill
- A passport size photograph and
- Your bank account cheque book. The cheque book will come handy to provide your bank details.
- Confirm your present existence through an In-person verification (IPV)
2. Become a KYC compliant: Becoming a KYC compliant is mandatory. Complete all the basic information like: name, date of birth, mobile no. & address through the eKYC channel. Complete all the basic information and upload a soft copy of your PAN and address proof to support the details filled in the first step. Further, you can also complete the eKYC procedure using your Aadhar number. This will simplify the process & the application becomes quick.
3. Start your SIP online: Once you are KYC compliant, you can visit the website of the preferred mutual fund & look for registration. Select “Register now” or a “New Investor Link”. You are almost nearing the process of completion. It will prompt you to fill an information detailing form with your basic details. Then choose your preferred username and password for transacting online. Carefully enter the details of your bank account number to set up a standing Instruction for debit at a regular interval.
4. This is the last step: Log in to the website with the chosen username, password and select the mutual fund scheme you wish to invest in as per the SIP plan. You can also decide the timelines and frequency of the monthly SIPs according to your convenience. After the successful completion of the entire process, the SIP will start after a gap of month or 45 days.
3. Start your SIP online: Once you are KYC compliant, you can visit the website of the preferred mutual fund & look for registration. Select “Register now” or a “New Investor Link”. You are almost nearing the process of completion. It will prompt you to fill an information detailing form with your basic details. Then choose your preferred username and password for transacting online. Carefully enter the details of your bank account number to set up a standing Instruction for debit at a regular interval.
4. This is the last step: Log in to the website with the chosen username, password and select the mutual fund scheme you wish to invest in as per the SIP plan. You can also decide the timelines and frequency of the monthly SIPs according to your convenience. After the successful completion of the entire process, the SIP will start after a gap of month or 45 days.
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