How To Open An Sip Account

By Author: Quantum Mutual Fund
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Systematic Investment Plan or SIP means a method of investing money in mutual funds.

In an SIP, one invests a fixed amount of money in a mutual fund every month. which is automatically deducted from one’s bank account. To know what amount of monthly SIP you need to invest to achieve a certain money goal, one can use SIP account calculator. A Systematic Investment Plan (SIP) calculator is an online financial mechanism that helps to calculate the potential returns on your SIP investments. The online SIP account calculator tells you how much money should be invested every month to for a target corpus.

A systematic investment plan (SIP) means a plan that gives investors the right to make regular, equal payments into a mutual fund of their choice.

To open an SIP account, the investor should hold an investment account with the fund house. She/he needs to complete KYC verification before operating the SIP account. Once the investor has completed the KYC verification, she/he can open her/his SIP account within the investment account by filling up the ‘Start/Initiate an SIP’ form.

Step 1: Collect ...
... necessary documents
The following documents are necessary for KYC registration: PAN card, address proof like driving license/bank statement/utility bill, a passport size photograph, and cheque for the bank details.

Step 2: Be KYC compliant
Any AMC website or RTA website which provides KYC facility can validate KYC. The investor also has to complete FATCA formalities by answering certain questions online.

Step 3: Register with the AMC website
After completing the KYC formalities from the website of the fund house (AMC), she/he should click on the 'Register Now' or a 'New Investor' tab provided on the website; the investor furnishes the PAN number, personal details, nominee details, bank details and answer few FATCA questions. Then a User Id and password is generated for transacting online.

Step 4: Scheme Plan and Investment Amount
The investor chooses the scheme along with the plan and option and decided the SIP amount. Investors can select either regular plans or direct plans and can go for either growth option, IDCW option.
If the investor is certain of the SIP amount that she/he is going to make, then he or she can fill up the investment amount in the given box without using the online SIP calculator.

Step 5: Payment Mode and Date
Once the investor has decided the kind of SIP investment, he/she has to selects date/s and pay the first SIP instalment. The investor decides on the mode of payment; the amount can be auto debited from the investor's account, net banking or NEFT/ RTGS payment.

Step 6: Submit Transaction
After completing details online, it is submitted to the AMC. The AMC sends acknowledges via email and SMS.

The investor can login to his account to check the status of investments etc.
An active SIP account inculcates a sense of financial discipline over time as you are forced to invest a fixed sum at regular intervals.

Disclaimer: The views expressed here in this Article / Video are for general information and reading purpose only and do not constitute any guidelines and recommendations on any course of action to be followed by the reader. Quantum AMC / Quantum Mutual Fund is not guaranteeing / offering / communicating any indicative yield on investments made in the scheme(s). The views are not meant to serve as a professional guide / investment advice / intended to be an offer or solicitation for the purchase or sale of any financial product or instrument or mutual fund units for the reader. The Article / Video has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Whilst no action has been solicited based upon the information provided herein, due care has been taken to ensure that the facts are accurate and views given are fair and reasonable as on date. Readers of the Article / Video should rely on information/data arising out of their own investigations and advised to seek independent professional advice and arrive at an informed decision before making any investments. None of the Quantum Advisors, Quantum AMC, Quantum Trustee or Quantum Mutual Fund, their Affiliates or Representative shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary losses or damages including lost profits arising in any way on account of any action taken basis the data / information / views provided in the Article / video.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Quantum Mutual Fund has over 14 years of experience into mutual funds and puts the needs of investors like you first. Invest in different types of schemes & start an SIP with Quantum Mutual Funds today! Quantum Mutual Fund believes in sustainable growth built with integrity & transparency and are trusted by over 50,000 active investors to achieve their wealth creation goals. Our aim is to generate sensible, risk returns for your investment horizon. Quantum Mutual Fund - Start an SIP in different asset class funds