How To Start An SIP?

Systematic Investment Plan (SIP) is a popular investment method that allows investors to invest a fixed amount of money at regular intervals in mutual funds. It is a disciplined approach to investing and can help individuals to achieve their financial goals over the long term. Here’s how you can start an SIP:

• 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).