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Now you can buy SIP online



You can invest in mutual funds in a disciplined way through Systematic Investment Plan (SIP). SIP allows you to invest a fixed sum of money in mutual funds regularly. You can invest a small amount of money regularly to reach your big goals.


         

Buy SIP Online | Image Resource: freepik.com


To invest in mutual funds through SIP you have to fill the required forms along with KYC form. You have to submit the form and the required documents. This can be done online and offline. Now you can buy SIP online. It is easy and there are instruction everywhere to guide you. 


You can do your first SIP transaction. You get an account confirmation statement for the first SIP transaction. You can start SIP on any day of the month. The subsequent installments can be done on given dates only. You get consolidated account statements for the subsequent installments.


You can do your subsequent installments quarterly or monthly. You do not have to write a cheque for every installments you can directly debit the amount from the bank account directly.


You can also register for the SIP Booster facility online. The SIP registration form has the section which should be filled if you want to use this facility. It can be done in online sip form.


Advantages of SIP


There are many advantages of SIP. They are:


  • As you invest regularly you do not have to time the market. The long term investments are not affected by market volatilities.
  • As you invest regularly a fixed amount you can buy more units when the market is low and vice versa. This brings down the average cost of acquisition of units. It is called Rupee Cost Averaging.
  • Investing on a pre-set date every month can gradually turn you into a disciplined investor.
  • It supports the power of compounding. The longer you stay invested more is the benefit of compounding.
  • It is convenient as it allows you to invest small amounts regularly without affecting the household budget. SIP allows you to invest small amount of money regularly to reach a big amount.
  • By investing through sip you can make future wealth creating investments rather than keeping the funds idle in the bank. 
  • It gives you the flexibility of selecting the installment frequency as per your convenience and needs.


Investing regularly in a disciplined way for long term can help you reach your goals. You can break your big amount into small amounts which you can invest regularly to reach your big amount.