How can I start my SIP through ETMONEY?

To invest in mutual funds, systematic investment plans are considered to be the best way. There are many unique benefits offered by a systematic investment plan that makes it the most preferred investment option today. Mainly, mutual fund SIP is popular as investing beginners who may hesitate to invest due to lack of funds and the fear of market volatility can invest without a second thought.

Mutual fund SIP allows you to invest in a disciplined way on a regular basis at the chosen frequency for a specific period. You can choose to invest monthly, weekly or quarterly. You can start a mutual fund SIP as small as INR 500 every month. Due to regular investment, you don’t need to time the market. It gives you the benefit of rupee cost averaging and compounding effect over the long-term period. Basically, mutual fund SIP can help you grow your wealth with higher return potential at reduced risk. Investing in mutual funds is simple and can be done online. With the ET Money app, investing in mutual fund SIP has become effortlessly easy.

ET Money app

ET Money app is one of the top-rated Indian apps for investing in mutual funds online and managing your personal finance. ET Money app is a zero-commission platform that offers almost every mutual fund scheme from all the top asset management companies in India. ET Money provides you detailed information of each fund and every information related to the past performance, ratings, current net asset value, asset under management and fund manager’s track record, etc. You can compare the funds on various parameters using the filters on the ET Money app. You can select the right fund suitable for your investment need, financial goal, risk appetite, and time frame. You can choose the right fund and invest in SIP within a few clicks on the ET Money app. Let’s see how to invest in mutual fund SIPs through the ET Money app

Steps to start mutual fund SIP through ET Money

Here are some of the simple steps to follow to start your SIP investment on the ET Money app:

• Download the ET Money app from the play store

• Log in to the app by providing your basic details

• Click on direct mutual funds under the ‘investment’ option

• Select the category of mutual funds you are planning to invest in. There are three main categories equity, debt, and hybrid. You can select the funds from various subcategories under the main category.

• You can also select the funds based on the asset management company or mutual fund houses. You can filter based on the risk profile and the investment plan you follow (safer/conservative/balanced/aggressive). You can follow the ‘smart assist’ option available on the app.

• Based on the previous performance and the consistency in the performance, ET Money also makes recommendations that can be considered while making an investment decision

• Once you choose the right fund for mutual fund SIP investment, all you need to do is click on the ‘invest now’ tab next to the scheme name.

• Select the option as ‘monthly SIP’

• Input the amount that you plan to invest

• Select the monthly installment date suitable for you. On that date of every month, the mutual fund SIP amount will be automatically transferred from a linked bank account

• You can select the mutual fund SIP tenure

• Scan your PAN card and proceed

• Choose your resident status (resident/NRI) and proceed to provide bank details

• You can provide the bank account details or can scan the cheque leaf

• Confirm to complete the process!

It is that simple to start a mutual fund SIP on the ET Money app anytime from anywhere as per your comfort.

ET Money app makes your mutual fund selection process and the investment process extremely easy!

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