• 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).
This story is from the October 21, 2023 edition of Outlook.
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This story is from the October 21, 2023 edition of Outlook.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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