An SIP is a method of investing in mutual funds. Through an SIP, you can invest in mutual funds systematically, i.e., on a regular basis. The investment amount will be debited from your bank account every month, and invested into a fund of your choice.
SIPs will ensure that you invest every month, thereby instilling discipline in your investment behaviour. This investment tool allows you to start investing in mutual funds with even as low as Rs. 1,000 per month, thereby ensuring you gradually build a large investment portfolio. By ensuring that you invest regularly, SIPs will help you average out your costs over the long term. You will not have to worry about timing the markets too. Thus, SIPs are the best way to build wealth over the long term.
1) Prevent Unauthorised Transactions in your account,Update your Mobile Numbers/Email IDs with your stock brokers.
Receive information of your transactions directly from Exchange on your Mobile/Email at the end of the day.
2) Prevent Unauthorized Transactions in your demat account,Update your Mobile Number with your Depository Participant.
Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day ......Issued in the interest of Investors.
3) KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
4) No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment.No worries for refund as the money remains in investor's account.
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