How To Buy SIP Online- Kotak Mutual Fund Makes It Easier For You

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The financial year of 2018 has led many investors start new investments. If you are interested in investing in mutual funds then Systematic Investment Plans is a great way to go. However when it comes to starting a Systematic Investment Plan many of us apprehend the paper work that comes with starting a equity fund mutual scheme. But you need not have to worry about all of that since Kotak Mutual fund makes it easier for you. If you wish to open an online SIP account then it is very much possible.

Pre-requisites before you Buy Online SIP

Here is an extensive guide for you to follow if you are worrying about how to buy SIP online. The first definite thing you need to do before you get on with your online SIP account is of course to get your KYC. Know Your Customer (KYC) is a pre-requisite before you start and online SIP account. If you do not have a KYC then all you have to do is apply for one at the nearest KYC centre. You would have to submit an address proof along with your identity proof and a photograph. Also do not forget to confirm your existence through an IPV or In-Person Verification.

This requirement can be completed online through the eKYC option. You just have to click on the link and follow the required steps. The structure of eKYC consists of you providing all the basic information like name, address, mobile number etc. The next step includes of you uploading the scanned copy of your PAN card along with you address proof.

To complete the In-Person Verification a suitable time slot will be selected based on your preference where you will be asked to show a copy of your PAN card and your address proof through the webcam.

If you were to complete your eKYC through your Adhaar Card then things would become much simpler. Entering your Adhaar number by authenticating it through a One-Time Password sent by UIDAI will pre-occupy the form with the concerned details that are available on the UIDAI database. Completing the eKYC by your Adhaar card does not require an IPV.

The final step includes you opening a new account by clicking on the registration link. It will direct you to the form of your online transaction account. After creating your online account all you have to do is chose the mutual fund scheme that you would wish to invest in and fill in other necessary details like the amount you would want to invest at every time interval and choose the SIP date. Then, submit your request and after your request has been processed you will finally become a SIP investor.

Therefore these are the required steps that you need to follow if you are thinking about how to buy online SIP