A Systematic Investment Plan (or an SIP) is a mechanism to invest a specified sum of money every month into a mutual fund scheme. By setting up SIP in a scheme, you are triggering a series of monthly purchase transactions that will get triggered on your selected date every month without your involvement. 

To start a SIP today:

1. Select the mutual fund scheme in which you wish to set-up an SIP either from the Portfolio page or from the explore funds section.

2. Choose "Monthly SIP" and enter the SIP amount, date and folio information.

3. Once done, click on Start SIP. Complete the mandate selection.

4. You can choose to start your SIP the same day or as scheduled and click on Place order.

5. Once OTP verification is completed your SIP order will be placed.


Once done, you can click on the cart icon on the top right corner on the Dashboard and you will be able to see all the funds that have existing SIPs. 


SIPs on Wealth are open-ended, giving you the highest level of flexibility. This means that SIPs will continue until you decide to stop them. You can stop the SIPs at any time and there are no minimum number of instalments necessary.