Important Steps To Invest In SIP Online

How to Invest in SIP Online | Image Resource: Shutterstock.com

With the commencement of new financial year, most of the investors must be looking for the best investing plans online. Well, SIP has got new beneficial scheme and plans all ready for 2018. If you’re not that much experienced in this field or have limited knowledge about the same, you would definitely like this post as we are going to discuss the step by step process of learning to invest in SIP online without much hassle. 

Well, the very first thing before starting a systematic investment plan, is that you fulfill your KYC requirements. It is a mandatory step to fulfill KYC in order to invest in SIP online. You would be asked to submit your address proof, ID proof and photograph. Not only this, but you will also be required to confirm your physical existence with the help of IPV – In-person Verification method. 

Steps to Invest in SIP online

Steps involved in how to invest in SIP online is simple. You just have to follow the steps mentioned below.     

• All Basic Detail: It is very important that you fulfill your basic details first in the online form such as your full name, DOB, contact number, present address and much more. For understanding how to invest in SIP online.

• Document Updation: After completing the first step, it is time to upload all required documents such as scanned copy of your address proof, PAN number and adhaar card number.  

• In Person Verification: Once the documents are uploaded and details are filled, it is mandatory that your physical existence is also confirmed. For this, you will be asked for a suitable time to connect via webcam. You will be asked to show your PAN card and Adress proof during this video call. Hence, keep them with you before connecting the video call. 

• Electronic KYC: If you have an AADHAR number, the procedure would become quite easy for you. An OTP will be sent by UIDAI in order to match the details provided by you with the details available in the UIDAI database. If you can complete the e-KYC via AADHAR, you won’t have to connect with them via video call. 

• Final Step: After all the steps mentioned above, you would have to visit the company fund’s website and create a new account. This will redirect you to a form which would create an online transaction account with the fund house. You need to keep your phone and cheque book handy as you will have to verify your bank account details and contact number via OTP. This way you will be ready to invest in SIP online.