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Zerodha SIP
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SIP or Systematic Investment Plan is the type of investment in which the investor needs to invest the money on a particular date as decided by the AMC. Zerodha SIP allows you to invest a fund with a fixed amount on a weekly, monthly or quarterly basis.
Most of the SIP start with the minimum amount ofĀ ā¹500 per month.
If you are planning to invest in Zerodha SIP then here is the information about the SIP plans and charges.
Zerodha SIP Review
Zerodha SIP offers many benefits to the investment. Some of the prominent benefits are:
- Allow you to invest in small amounts.
- No need to time the market.
- Debit the amount automatically from the Zerodha bank account.
- Offer great benefits in creating short and long term wealth.
- It offers an efficient way to new investors who are willing to invest in the equities.
- Influence investors for financial disciplines and savings
- Assist in setting and achieving financial goals.
Zerodha SIP Investment
When it comes to investing in the equity market, mutual fund SIP proves to be the best option, especially if you are a fresh investor.
Since Zerodha is the leading discount broker in India, the new investors in theĀ share market can invest the small portion of their funds in Zerodha SIP and can gain many benefits.
Also, investing in mutual fund SIP allows the investor to invest over a long period, the overall investment is done for the particular time average out thus balancing your overall investment.
Zerodha mutual fund SIP proves to be useful for people who:
- Do not have any lump sum amount to invest.
- Are new to the investment market and want to save their money.
- Are looking for better returns than bank deposits.
Zerodha SIP Mutual Fund
Want to invest with the Zerodha SIP mutual fund? Zerodha offers the most convenient way of investing in mutual funds with its highly convenient and user-friendly, Zerodha Coin website.
The Zerodha Coin website was launched in 2017 that allow Zerodha customers to access over 2000 funds. The platform offers access to funds from all the famous and top-ranking mutual fund companies.
But before beginning the investment here are a few important points that one must keep in mind:
- It does not follow the conventional way of SIP investment. Unlike traditional SIP where the customer needs to submit the ECS/NACH mandate to allow the debit of money from the bank on the specified date, it allows the clubbing of all the Zerodha models from where the amount is then sent for the lump sum investment.
- Generally, the specified dates for the SIP are 1st, 5th, 10th, and 15th of every month. However, one can set their own date as per their convenience.
- The traditional SIP model that was available for some funds, the Zerodha SIP is for funds that do not allow the lump sum investment due to excess fund size.
Here are the simple steps that allow you to start investing with the Zerodha SIP mutual fund.Ā
Step 1.Ā Zerodha login with client id to access the coin platform.
Step 2: On the home page, click on the search bar on the top of the page and type the name of the fund and fund house.
Step 3: Click on the direct SIP option on fund page.
Step 4: Open another window and enter the investment details including initial investment, frequency, installment, and the total number of installments.
Step 5: After entering all the details click on ‘Start SIP’ and ‘Confirm’.
Zerodha SIP Charges
Zerodha does not impose any charges for investing in SIP. Thus one can save up to 1.5% annually of their fund for investing in Zerodha SIP as compared to other available platforms.
Also learn about the Zerodha DP Charges and start investing in a smarter way.
Zerodha SIP Calculator
Zerodha coin offers the best and convenient way for investors to calculate their return on mutual fund investment.
Although there are no hidden charges for starting investment with Zerodha, if you want to know about any other charges, then get the complete details in the Zerodha brokerage calculator.
Zerodha SIP Auto Debit
For those using the Zerodha Coin or thinking of making the investment using the Coin, can make their investment easier by automating the mutual fund SIP installment.
The e-Mandate feature allows investors to add money periodically to the account.
Set up an e-Mandate by following the simple steps below:
1. Registration: Register an e-Mandate on Console either with the net banking or debit card credentials.
2. Scheduled Transactions: After successful registration, schedule your transactions to automate the transfer of funds.
Learn more about SIP by getting answers to all your queries in Zerodha FAQ
Bottom Line
Zerodha SIP proves to be fruitful if you are willing to invest in small periodical amounts instead of the lump sum. Also, the introduction of Zerodha Coin reduces the number of steps and simplifies the process of investing in the fund.
So start investing now and multiply your funds exponentially.
In case you are looking to get started with your stock market investments, let us assist you in taking the next steps ahead.
Just fill in a few basic details here to get started:
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