Detailed Guide on SIP Investment.
                     Detailed 
Guide on 
SIP 
Investment
What is an SIP?
• An SIP or Systematic Investment Plan allows 
an investor to invest a fixed amount regularly 
in a mutual fund scheme, typically an equity 
mutual fund scheme.
Source: 
indiatimes.com
Why should you invest through an SIP?
• It imparts financial discipline to your life
• It helps you to invest regularly without 
wrestling with market mood, index level, etc.
• The money is automatically invested 
regularly in a scheme without any effort from 
your part
Source: 
indiatimes.com
Other benefits of SIPs?
• SIPs help you to average your purchase cost 
and maximise returns.
• When you invest over a long period and earn 
returns on the returns earned by your 
investment, your money would start 
compounding.
Source: 
indiatimes.com
How much money do you need to start an SIP?
• You can start investing in most mutual fund 
schemes via SIP with a minimum of Rs 500.
Source: 
indiatimes.com
Can one customize the SIP?
• Yes, you can. Though the most popular SIP is 
investing a fixed amount every month, 
investors can customize the way they put 
money via SIPs. 
• Many fund houses allow investors to invest 
monthly, bi-monthly and fortnightly, 
according to their convenience.
Source: 
indiatimes.com
Detailed Guide on SIP Investment
Step 1: Complete your Know Your Customer (KYC) formalities
• The paperwork requirements for starting an 
SIP are rather basic. You would need the 
following documents:
• PAN card
• Proof of address (e.g. Aadhaar, passport, voter ID, 
utility bill, driving licence, etc.)
• Passport-size photograph
• Cheque book (to provide your bank details)
Source: 
kotaksecurities.com
Step 2: Register for an SIP
• Your focus now should be on registering for 
an SIP in a mutual fund scheme of your 
choice. How should you go about this?
• First, visit the website of the fund house that 
offers the scheme.
• Look for a link to register a new account.
Source: 
kotaksecurities.com
Step 3: Select the right SIP
• Experts often suggest linking an SIP with a 
financial objective. 
• Use an SIP calculator to assess how much 
you need to save on a monthly or quarterly 
basis to achieve that goal
Source: 
kotaksecurities.com
Step 4: WHAT NEXT?
• Simply log in to your account at any time 
using your user ID and password.
• Select the scheme of your choice.
• Specify the amount you wish to invest and 
the payment intervals.
• The SIP will start around a month after you 
complete this process.
Source: 
kotaksecurities.com