Mutual Fund SIP (Systematic Investment Plan) is an investment option in which you can invest in regular, disciplined manner. Through an SIP, you can invest a fixed amount monthly (or at a frequency chosen) in a mutual fund scheme of your choice. You can register SIP once, and the subsequent installments are processed automatically thereby ensuring consistent investments.
IIFL Securities offers online SIP facility click hereor IIFL Markets Mobile App using which you can register SIPs. For instance, you can select a Mutual Fund SIP for a no of installment, frequency and amount as specified by the Asset Management company. You can also setup one time mandate to ensure smooth automated processing of all SIP installments.
After you have provided the necessary details i.e. the scheme, amount to be invested, frequency of investment, total time period and authorized India Infoline Limited (IIFL) vide your Mutual Fund SIP request, IIFL will place your Mutual Fund SIP buy orders at SIP dates.
Yes, you can cancel your Mutual Fund SIP request by visiting the Mutual Fund SIP registration book under the Mutual Fund holding page of your online trading account. You can login to https://mf.indiainfoline.com/MFOnline/Login and visit Ongoing SIP ...
A Mutual Fund SIP Request is an online instruction placed by you on the IIFL Mutual Fund app by authorizing IIFL to place buy orders in your account as per the details specified by you. SIP get registered through IIFL at BSE Exchange.