Rupee Cost Averaging: This is the term derived from dollar cost averaging but let’s understand this in terms of rupee! The fact that SIP invests in mutual funds regularly, helps you to buy less mutual funds units when market goes up (price goes up) and more mutual funds units when market goes down (price goes down).Simple right? Let’s see all these steps below in detail.īelow is the video showing all steps to start SIP in mutual fund online How to Invest in SIP Online VideoĪs seen above, you need to provide SIP amount, expected returns in percentage annually, tenure in years or months and you will get the total deposits made, profits and maturity amount you will receive at the end of the SIP tenure.Īlso, you can use the excel calculator provided in above calculator to calculate SIP returns.ĪLSO READ: SIP Returns Calculation in ExcelĪbove article also explains you what is SIP, what is NAV in mutual fund and how to use NAV of mutual fund to calculate SIP returns, so it’s worth reading! Benefits of SIP: After this we are provided with URN (unique registration number) which we register on our bank’s internet banking website, and we are done with confirmation message! For example, if we consider SBI mutual fund, we first register on the SBI mutual fund official website, we create mutual fund folio after login into the website, the “new investment” option helps you to start SIP in SBI mutual funds, we provide various details such as SIP frequency, scheme details (or mutual fund selection), start date and end date. One of the most asked questions on this blog and my YouTube channel is How to Invest in SIP? The process to start SIP is very simple. This article will show you step by step process of starting a SIP in almost any mutual fund with similar steps followed in all online portals. We will take example of SBI AMC (Asset Management Company) and using official SBI mutual fund website, we will see how to start SIP online in SBI mutual fund. In this article we will see How to Invest in SIP Online with the help of SBI mutual fund example.
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