To start a SIP offline, an investor must first have a bank account and select a mutual fund scheme that matches their investment goals. The investor then fills out an application form providing details like name, address, SIP amount, tenure and the selected scheme. They also complete KYC formalities and submit the required documents along with payment. Finally, the investor receives confirmation of payment and units in the scheme. Some of the largest mutual fund houses in India for SIPs include ICICI Prudential, HDFC, Reliance, Birla Sun Life, SBI, UTI, Kotak Mahindra, Franklin Templeton, DSP BlackRock and IDFC.
1. INVESTOR EDUCATION & WELFARE
ASSOCIATION
presents
A module on
‘SIP- Systematic Investment Plan’
2.
3.
4. Steps for starting a SIP offline
Step1: The applicant must have a bank account.
Step2: Select a scheme that suits your requirements and investment
objectives and visit the respective fund house’s service centres or their
banks
Step3: Fill up the application form. Here, you need to write the correct
details such as your name, address, the scheme in which you are planning
to invest, the SIP amount and tenure.
Step4: Complete the KYC formalities by filling up the KYC related form.
Step5: Submit the forms along with the required documents(AADHAR
CARD AND PAN CARD) and pay the money.
Step6: Get confirmation for the receipt of payment and get units of the
schemes.
5. Top 10 Mutual Fund Houses in India
• ICICI Prudential Mutual Fund
• HDFC Mutual Fund
• Reliance Mutual Fund
• Birla Sun Life Mutual Fund
• SBI Mutual Fund
• UTI Mutual Fund
• Kotak Mahindra Mutual Fund
• Franklin Templeton Mutual Fund
• DSP BlackRock Mutual Fund
• IDFC Mutual Fund
