To start a SIP in mutual funds with Angel One, first log in to your Angel One account. Then choose the mutual fund scheme you want to invest in and select the SIP option. Enter your monthly investment amount, select the start date, and complete the payment setup. Your SIP will start automatically as per the schedule.
Steps to Start SIP in Mutual Funds on Angel One
After logging into your Angel One account, go to the 'Mutual Funds' section. Search for the fund you want to invest in or browse by categories. Click on the SIP option and fill in details like monthly amount, SIP date, and payment mode. Confirm all details and authorize the payment. Your SIP is now set up and will invest automatically every month.
What Documents Are Needed to Start SIP?
To start a SIP on Angel One, you must have your KYC (Know Your Customer) completed. You also need a linked bank account for payments. If your KYC is done, you can start investing immediately without any extra documents.
How Much Can You Invest in a SIP?
The minimum SIP amount usually starts from ₹500. You can invest any higher amount as per your budget. Angel One allows flexible SIP amounts, so you can increase or decrease your investment anytime by updating your SIP details.
How Does SIP Benefit You?
SIP helps you invest regularly with small amounts, which reduces the risk of market timing. It also helps you build a disciplined savings habit. Over time, the power of compounding can grow your wealth significantly.
Can You Modify Your SIP Later?
Yes, Angel One lets you modify your SIP anytime. You can increase or decrease the investment amount, change the SIP date, or stop the SIP altogether from your account dashboard easily.
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