Systematic Investment Plans give you have the flexibility of either investing through regular installments thus allowing you to take advantage of disciplined investing.The benefits of this are obvious. Refer Building SIP by SIP.
No post dated cheques.
Flexibility of investing on any date
SMS reminders before debits, to ensure account is funded prior to debits
Flexibility of starting with amounts of as small as Rs 1000/- (in multiples of Re 1/-)
1)Through Standing Instructions
If you hold accounts with Standard Chartered Bank and HDFC Bank you just need to fill in the Standing Instruction slip that is contained in the main SIP application form. You have to give us atleast 6 debits to enrol for a SIP.
2) Through Electronic Credit Service (ECS)
If you do not have an account with any of the above mentioned banks then use our powerful AutoSave feature. Just fill up a "Mandate form for ECS (debit)- AutoSave" form accompanied with a copy of a blank cheque.
For either modes, you do not apply for a lumpsum investment to start a SIP.
