• Choose a mutual fund: First, you need to choose the mutual fund in which you want to start an SIP. You can consider factors such as
• Your financial goals,
• Asset Allocation as per financial goals and risk tolerance,
• Investment horizon, and
• Track record / portfolio positioning of the mutual fund while making your selection.
• Complete Know Your Customer (KYC) process: To invest in mutual funds in India, you need to complete the KYC process. You can do this by submitting the required documents including a photograph, identity proof, address proof, and PAN card to the mutual fund company or through any of the KYC registration agencies authorized by the Securities and Exchange Board of India (SEBI).
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