After buying clothing, home grooming solutions, foods and umpteen other products online, it is time to give Systematic Investment Plans a chance! And believe it or not, the process is nothing more than a walk in the garden. Internet users are reported to be about 40% of the whole global population (www.internetlivestats.com), and the numbers are increasing every year. Given the bouquet of services offered to the buyers of SIP plans online, there is an element of convenience attached with this new concept of making and tracking investments.
Buying online SIP is just as easy as opening an account for online shopping and using it. Only difference lies in the fact that as a first time user, you need to get your KYC (Know Your Customer) verified. So, if you have a valid ID proof, address proof and a bank account with NEFT/RTGS facility, you will never require making umpteen calls to your broker for getting menial tasks done.
This is how you can transact online SIP
Just like any other biller such as electricity or phone service provider, you can add your fund house as biller and pay instalments for making investment in SIP online. Alternatively, you can open an online account with the fund house of your choice. Following this, you are supposed to fill a bank mandate form and send it to the fund house with a cancelled cheque. This is the only offline activity that you require to do to get the process rolling. Once all the documentation processes are completed, the path onwards becomes super easy.
You can enjoy the flexibility associated with SIPs in true sense by going online. A broker may not always be available to you to provide you the needed guidance. Moreover, he may not be dealing with all the funds. But, online fund houses list as high as 200 primary funds to provide umpteen choices to the investor.
Functions available with SIP online
You can do each and every transaction possible through online way of dealing in systematic investment plans. Once your documentation is complete and KYC is verified, you can start buying SIP plan of your choice. Also, there is added flexibility to switch to any fund of your preference at any point of time. Moreover, you can withdraw funds simply by clicking the redeem button. So, online is the new ‘in’ among SIP investors who are sick and tired of listening to the busy tone of helpline numbers of their brokerage firm.
Safety redefined
Online SIP account is as safe as your bank account. Though you need to practice caution against phishing e-mails and other related stuffs, it does provide you password-protected environment and aegis of security related certificates to ensure that your money remains safe and well-protected.
So, find more about how to apply for systematic investment plans online and go for one. You are surely going to become more active in investing and saving for the future, such is the level of convenience!
This is how you can transact online SIP
Just like any other biller such as electricity or phone service provider, you can add your fund house as biller and pay instalments for making investment in SIP online. Alternatively, you can open an online account with the fund house of your choice. Following this, you are supposed to fill a bank mandate form and send it to the fund house with a cancelled cheque. This is the only offline activity that you require to do to get the process rolling. Once all the documentation processes are completed, the path onwards becomes super easy.
You can enjoy the flexibility associated with SIPs in true sense by going online. A broker may not always be available to you to provide you the needed guidance. Moreover, he may not be dealing with all the funds. But, online fund houses list as high as 200 primary funds to provide umpteen choices to the investor.
Functions available with SIP online
You can do each and every transaction possible through online way of dealing in systematic investment plans. Once your documentation is complete and KYC is verified, you can start buying SIP plan of your choice. Also, there is added flexibility to switch to any fund of your preference at any point of time. Moreover, you can withdraw funds simply by clicking the redeem button. So, online is the new ‘in’ among SIP investors who are sick and tired of listening to the busy tone of helpline numbers of their brokerage firm.
Safety redefined
Online SIP account is as safe as your bank account. Though you need to practice caution against phishing e-mails and other related stuffs, it does provide you password-protected environment and aegis of security related certificates to ensure that your money remains safe and well-protected.
So, find more about how to apply for systematic investment plans online and go for one. You are surely going to become more active in investing and saving for the future, such is the level of convenience!
