How To Buy SIP Online In Few Simple Steps To Gain High Returns Investments Quickly?
Out of the many types of investment opportunities, one that offers significant returns is the mutual fund. It is very easy to initiate investment into it and it provides significant benefits in terms of returns. You will find that any fund will put investor money into so many opportunities, thus giving the benefits of getting returns from different sources.
Steps On How To Buy SIP Online And Its Benefits
You can gain the benefits of quickly investing into SIP by checking out how to buy SIP online. The steps involve just filling an application form and submitting it with relevant proof documents in the fund website. Through online investment into desired mutual funds, you will be able to put your money in minutes into various types of funds. The amount to be invested will be automatically deducted from the bank account that has been linked to your mutual fund account. You can make as many investments as you want online through your account and easily keep a track of them.
Investing Into Kotak Funds
When you look into mutual fund schemes available today, what you will notice is the wide range offered. You have to stop and think about what is the best for your financial goals. It is also important to not put money into risky schemes which can suddenly give poor returns. Amidst the many schemes available, ones from Kotak are very promising as they offer high returns. Here is a look at the top benefits of investing into Kotak Mutual fund:
- You will be making investment systematically every month which will help save a small portion of your income every month
- You have the opportunity of making investment into different types of fund from which you can get attractive returns
- The benefit of online investment enables you to select fund that you want and put your money into them without sending too much time and efforts in the task
- Investment can be initiated in an amount as small as rs.500 alone
- As you will be investing every month, the money put aside into the fund will gain interest which will be taken into account when calculating the next month’s interest
When you have to face the challenge of pressing financial commitments in the near future else want to put money into a attractive investment that brings good returns after a period of three or five years, mutual fund is what you should be looking into and considering as a prime money multiply avenue.
How To Start SIP Online – Learn In 3 Steps
One of the safest and most secure places to invest your money in is in mutual funds. It doesn’t have the risk factors that are involved in other modes of investment. Stocks and shares are extremely volatile and one needs to keep tabs on the market conditions. However, there is not much one can do to influence the market either so there is always a chance of losing the money completely.
How To Start SIP Online | Image Resource: Shutterstock.com
People who have invested and are investing in mutual funds through their Systematic Investment Plan account or SIP account are the ones who can sleep without any worries at night. They are perfectly content with their investment plan because the risk factor is nearly zero here. In SIP investment, all one needs to do is invest a pre-fixed amount in regular intervals. The customer also gets to choose the amount and the interval period as well. In short, there is full transparency and the customer gets to choose an investment plan according to his needs. Investing in mutual funds through SIP ensures your wealth grows as well because the system is compounded. This article aims at instructing people about how to start sip online.
The three steps of ‘how to start sip online’ to invest in mutual funds
Investing in mutual funds is a piece of cake today. All one needs to do is open an SIP account with a mutual company using the internet. The three steps are as follows:
1. Necessary documents – Documents are needed to validate any kind of information about the person who is opening the account. Therefore, credentials are necessary to open the SIP account or to invest in general. Credentials like PAN Card number, address proof, a passport sized photograph, etc. are needed for confirmation.
2. Becoming KYC compliant – For opening any kind of account (bank account, SIP account, etc.) a person needs to become KYC compliant. This is a one-time procedure for safety purposes. Basic details of the customer are needed like his or her name, address, contact number, PAN number, passport size photo, etc.
3. Opening SIP account – The last step is to choose the company that you think provides plans that suit your investment purposes the best. Then you need to visit their website and register with them by opening your SIP account.
This is 3-step procedure of opening an SIP account with a mutual fund company is the answer to the question of how to start online sip and start investing without any hassle.
Steps On How To Buy SIP Online For Quick Investment Into Desired SIP
Those seeking an attractive means of multiplying their money should look into mutual funds. The key reason for investing into it is the kind of returns they offer which is high, enabling you to get significant return on investment, much more than what can be experienced in other types of money investment schemes. You can opt for a high risk scheme as one with a low-risk. However both will give you much bigger returns than what you can gain from bank or financial institution savings schemes.
Why Invest Money Into Mutual Funds?
Investing into mutual funds offers many benefits, the foremost being that you will be able to enjoy a good amount at the end of the investment tenure which can be used to meet various expenses. Furthermore, the funds are managed by a manager, who will give best advice on what schemes are best.
There are various types of funds available, each of which has particular qualities and features which you can study and then decide to proceed into investment. The fund manager is available to advice on all types of available funds so that you know what they are about and their benefits. Though there are funds with lock-in periods such as three years, five years etc, still you can always opt for an open-ended schemes that you can exit at any time money is required.
How To Buy SIP Online?
If you are wondering how to buy SIP online check out the many sites that enable you to start investing in SIP through the internet. Look specifically into the online SIP investment system offered by Kotak Mutual Fund. Check out their online application process which can be completed in minutes. Submit your personal details along with proof of identity and address. Once your application is approved, you will get a account ID which should be used to log into the account and initiate investment activities.
Kotak has a team of experts who study the various funds available and help you decide which one is best for investment and tell what type of returns you can get from any particular fund. Check if the returns of any fund aligns with your financial goals before you initiate investment. Experts in Kotak will work with you to provide customized solutions that offer the best results. With a single online account at Kotak for funds investment, you can check out all funds into which you can put money and will get a single statement for all the schemes that you have signed up.
How To Choose The Best Mutual Funds To Invest In SIP?
While investing in stocks, selecting the right mutual fund scheme is very important. While there are various aspects one should consider when they select the desired mutual fund at the same time it also crucial to understand the different types of mutual funds that exist in the market.
- Debt funds
A debt fund is categorized as a mutual fund in which allows the investment in fixed income securities. This fund involves investment in long terms bonds, short term bonds and scrutinized funds.
- Equity funds
This type of mutual fund invests money in stocks. They can be managed both- actively and passively.
- Diversified funds
This mutual fund gives you flexibility to invest in different sectors or industries.
- Index funds
In these funds your capital will be invested depending on the functioning of the stock market index.
- Liquid mutual funds
These are investment plans that will transfer funds money market instruments like term deposits, certificate of deposits. These funds are accompanied with a lower maturity period.
- Dynamic bond funds
These funds are associated with different maturity periods. The maturity of your fund changes according to the investments made. In these types of funds your money is invested in money market instruments.
One should also know how to select the best mutual fund to invest in SIP. Following are the factors to check before selecting the right mutual fund.
Goal of investment:
One should have an investment goal to go after before opting for the best mutual fund to invest in SIP. Whether they are making investment for a short term or a long term, it totally depends on the objective. Proper consideration of the investment objective can help you produce higher returns.
Study of the mutual fund house:
One should have proper knowledge of the mutual fund house. As the fund house is totally responsible for your investment. Make sure you have asked them important questions about the different mutual fund schemes.
Portfolios and performance of the house:
The performance of the house goes hand in hand based on their top portfolios. Make sure you go through them to access different parameters when you are selecting the best mutual fund to invest in SIP. Experience is an also important factor to consider.
Fund manager:
A fund manager is the back bone of the mutual fund house. Make sure that the house has the best fund manager. Also, analyze the manager’s efficiency.
Top 10 Mutual Funds For SIP To Invest in 2019
Have you ever heard about SIP? For those who are unaware of this term, it is a systematic investment plan that allows clients to make a steady investment over tenure of six months or more. The number of years to invest depends solely on the client. Long-term investments yield more profits as the time duration will help stabilize any loss occurred due to market fluctuations. Novice buyers who plan to make an investment in the market need to research a lot beforehand.
How to Start a SIP in simple Steps?
Systematic investment plan schemes are offered only in various mutual fund plans. You need to check the details online before making an investment. To get started, just log on to the official site of the specific mutual fund service provider. Create an account and choose the mutual fund for SIP. Enter all the necessary details about the scheme and then place an order. After this step, you need to fill in other information such as the duration of the scheme, amount you are going to invest and the time interval.
After agreeing to the terms and conditions specified, you will be provided with your order number. You can use this order number to track the status of your SIP. Even those with insufficient fund can apply for such schemes to begin with. But, it is advisable to have sufficient funds as the scheme progresses. This is one of the simple ways to make a small investment and gain better returns for the future.
Finding best mutual funds for your perusal can be a daunting task if you do not know where to begin. With the help of the web, you can get details about the top 10 mutual funds for SIP to invest in 2019. Once you get the list, you can compare the plans one by one and then make the right choice accordingly. You can also get in touch with a financial advisor and get details about the various mutual fund schemes.
Top Mutual Funds For SIP 2019
There are various SIP plans available in the market to choose from that include Kotak Mutual Fund, ICICI SIP Mutual Fund, HDFC SIP MF, etc. Choosing the right plan involves a lot of research work since the services are different for every plan. Through SIP mutual fund plans, you can make regular investments and also yield potential benefits for the future. It is a disciplined way of investing that does not require heavy investment right from the start. All you need to do is choose a specific amount that you can invest and get started right away!
What Is SIP Investment?
A Systematic Investment Plan also known as SIP is the smartest and most hassle free way to secure your hard earned money by investing it to build more wealth in the future. SIP lets you invest a selected amount, minimum can be 500INR for long duration at decided interval be it weekly, monthly, quarterly or yearly. SIP is a wonderful method of making a habit to save money and getting better returns in future. There are a lot of benefits associated with this term but if you’re pretty much new to this term, you may be wondering how does it all work? Well, it is simple. There is no complexity in the procedure of SIP investment. The amount which you choose to invest gets auto-debited from your bank account and get invested in the selected mutual funds SIP scheme regularly or at your chosen time intervals. Since the investment is regular, you will be suggested to buy the mutual fund units based on the net asset value rating of the market.
SIP investment is a wonderful option for everyone out there who have big dreams in life and have various responsibilities too. These will then be definitely fulfilled with normal earning. Investing smartly can make you richer than you can ever think. Well, now if you have got an idea about what is SIP investment, you must also understand the various benefits attached to it.
Benefits of SIP Investment
Given below are some of the benefits associated with SIP investment. They are:
Better Wealth In Future – Because of such amazing methods known as the power of compounding and rupee-cost averaging, investing in SIP is a great idea. It enables you to receive attractive returns at the end of a long period of investment.
More Flexibility With SIP – Although, it is a good idea if you keep your investment for a longer duration and do not exit from the plan mid-way but if you face an emergency or don’t feel like investing much, you can exit the scheme anytime you want. This is the type of flexibility you get with SIP investment.
Disciplined Saving – When it comes to investment, it is very important that it is done in a systematic and disciplined way. When you know what is SIP investment and start investing in it, you get into a habit of investing on daily basis. Every investment of today makes your tomorrow much more relaxing and cheerful.
Starting And Buying SIP Online
SIP or Systematic Investment plans are the best form of investment in today’s time. Whether you want to get tax exemptions or you want to meet some form of financial goals, you can always use a SIP that is a hassle free mode for investing money in mutual funds.
The best part of SIP these days is you can buy them online and open a demat account with ease in order to start online investments. Due to increased penetration of internet, everyone is opting to invest into SIP. You can start your investments into SIP with as low as five hundred rupees and there is no limit to the maximum amount you can invest into it.
As a smart investor, you can also start and buy SIP online with any bank which is offering online banking these days. There are many financial institutions and other nationalized banks in India which are providing this facility to its customers through their websites for a nominal per transaction fee or yearly fee. You do not have to deal with any kind of brokers or investors, you just place an order to buy SIP online and mention the timelines for which you want to continue this SIP and the related amount is auto debited from your linked bank account and invested on said date into your SIP.
KYC Verification to buy SIP Online
With possibility of buying SIP through online account you do not have to deal with any kind of paperwork. Just initially while opening an account for buying SIP online you need to fulfill “Know You Customer” requirements. All you need to do is to submit an ID proof and an Address Proof with a recent colored photograph along with it. Sometimes this may require you to visit the KYC center to do an In-Person Verification.
Most of the banks facilitate you with an on-door representative to collect and verify your KYC details and related documents these days. In case you have an account with the bank which is providing you with the facility then your bank accounts KYC can be attached and considered for this process as well. Also, with online arena developing you can have a video call to complete an In-Person Verification. Once your account is open, you could consult your financial advisor or research online to have a hand on to your SIP experience journey.
