How To Invest In Mutual Funds Through SIP Online - Simplified!

How to Invest in Mutual Funds through SIP Online | Image Resource: Shutterstock.com

People get nervous whenever they start thinking about investment. They start overthinking and ideas of possible losses or the possibility of getting cheated gives them a fever. That is the case only when there is a risk factor involved in the form of investment. Investments in stocks and shares can yield dynamic results because they depend on the market and its situation. However, mutual funds are safe and easy to understand and they are probably the safest place you can invest your money in.

If you are planning on investing in mutual funds then SIP is the best way to go. Systematic Investment Plan, as the name suggests, is an organized, systematic and secure method of growing your wealth at a steady pace. The investor gets to choose the amount he or she wants to invest. They also get to decide the frequency of payment (daily, weekly or monthly) so that they can choose a payment method at their convenience. If you have doubts regarding How to invest in mutual funds through sip online, then the following information will suffice.

Steps to invest in mutual funds through online SIP

The most attractive feature of SIP investment account opening is that it can be done online, from your house. Therefore, you can easily eliminate all the elaborate paperwork and the travelling expenses. All you need to do is open your computer do the needful. The steps to opening an SIP account for investment are as follows:

1. The first step is to choose a mutual fund company of your liking and fill out their online for that asks for personal details like name, address, birthdate, contact number, etc.

2. Once that has been done, you shall need to upload the scanned copies of a few documents (PAN Card, address proof, passport size photograph, etc.).

3. Then, the IPV (In-Person Verification) will be done through a video call. This is done to confirm the existence of the person opening the bank account. Also, the hard copies of the uploaded documents are checked.

4. The final thing to do is to visit the website of the chosen company and register with them by opening an SIP account.

Once the above steps have been done without any mistakes, you will have an SIP account through which you can invest in mutual funds in an extremely safe and secure way