What is Mutual Fund SIP?

What is Mutual Fund SIP?

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 here or 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.