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Invest

How to invest in an SIP without visiting mutual fund office

Systematic investing using the i-SIP facility
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Systematic investing using the i-SIP facility

An i-SIP is an online and secure facility of setting up a systematic investment instruction in MF schemes. It can be used by existing and new investors. With this, the investor does not need to visit the AMC office, fill physical forms and attach proofs, payment instruments while starting an SIP.

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Generation of unique registration number (URN)
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Generation of unique registration number (URN)

A URN is generated after all the information is filled up and submitted. It is sent out to the investor’s email id and mobile number and acts as a reference number to register i-SIP on the investor’s Internet banking website.

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​Fill up i-SIP form
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​Fill up i-SIP form

The investor needs to access the mutual fund website and fill up the online i-SIP form. Personal details such as PAN, bank account number, and SIP related details such as scheme name, SIP amount, frequency of SIP need to be mentioned. The investor also can register nomination in the form and add mutual fund agent’s ARN.

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Generation of unique registration number (URN)
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Generation of unique registration number (URN)

A URN is generated after all the information is filled up and submitted. It is sent out to the investor’s email id and mobile number and acts as a reference number to register i-SIP on the investor’s Internet banking website.

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​Registration on Net banking portal
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​Registration on Net banking portal

Within 10 days of the URN being generated, the investor must access his bank’s Net banking portal. In the bill payment section, the investor can add the mutual fund as a new biller. The URN must be entered when prompted. Once the biller details are added, the bank will activate the biller after verification. While adding biller details, the investor can give an auto debit instruction for SIP installments.

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​Points to note
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​Points to note

The i-SIP registration process is meant for only one SIP instruction. To add any other scheme, a separate i-SIP registration process must be completed.

i-SIP instruction can be discontinued at any point by deleting the biller from the investor's Net banking portal.

(The content on this page is courtesy Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.)

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