For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

What Is i-SIP? How To Invest Through i-SIP For Paperless Investment?

|

Internet based Systematic Investment Plan can be termed as i-SIP, which is a paperless way to invest in SIP which can be done through net banking.

Investors can now invest in i-SIP online without visiting any AMC or mutual fund house and without any papers or documents.

Things To note:

  • SIP process remains same and it should be done for every i-SIP in every scheme. 
  • Note that the investor should have his KYC documents submitted and registered with the KYC Registration.
  • Investor should be registered with the bank for net banking. 
What Is i-SIP? How To Invest Through i-SIP For Paperless Investment?

Here are simple steps to invest through i-SIP:

1. Visit the fund house or AMC
2. Register for Online I-SIP form
3. Enter the details such as PAN card, bank details
4. Enter details about scheme such as name of the scheme, SIP amount and frequency
5. Fill Nomination and broker details if any.
6. Once the form is submitted, a URN (unique registration number) is generated and will be sent to registered mail ID

 

URN is mandatory to do further transaction

How to add mutual fund as biller for i-SIP?

1. Login to your net banking
2. Add mutual fund as new biller
3. Biller option under payments.
4. Note that one should add biller within 10 days of generation of URN
5. Once the URN is entered, the bank will verify the details.
6. SIP investor can set a auto debit option in the bank account and due date for the payment.

Goodreturns.in

Read more about: sip how to
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more