How to start or register a SIP at Jainam ?

How to start or register a SIP at Jainam ?

SIP (Systematic Investment Plan) refers to investing in mutual funds or other financial instruments by contributing a fixed amount regularly at predefined intervals (e.g., monthly or quarterly).

To start a SIP at Jainam, follow the given steps:

  1. Log in to JPlus and select Mutual funds and then select Invest Now.
  2. You can view different funds and choose a mutual fund as per your choice by using various filters for the same.
  3. Select Monthly SIP.
  4. Enter the amount, frequency, and date for the SIP installment date, and select Start SIP.
  5. Your mapped bank details and approved mandates will be shown here. You can select a bank and mandate from here. If you want to start your SIP from the current month itself then, select the checkbox and click on Proceed.
  6. For payment you have below options: -
    • Net banking
    • UPI
    • NEFT/RTGS
    • Mandate.
  7. Select any option and provide the relevant details as UPI ID. Select Proceed to pay.
  8. Select yes in the pop-up to successfully register the SIP.
  9. Accept the payment request from your UPI app within 5 minutes. Don’t forget to select Set up Auto Pay for future installments provided on the registration screen. You can also view status of your SIP by selecting Transaction History.

RELATED FACTS: -

  • You can see all the information related to the selected mutual fund as NAV(Net Asssets Value) , CAGR(Compunded Annual Growth Rate), AUM(Assets Under Management), 52-week high low, Returns, and Peer comparisons at Jainam's mutual fund platform.
  • Your units of mutual funds, stocks, currencies, bonds, etc. are held in the same demat account with Jainam.
  • You can also apply different types of filters while selecting a mutual fund:-
    1. From the option fund category, you can select the type of instruments in which you want to invest for example debt or equity.
    2. From the subcategory option, you can select the type of fund in which you want to invest, for example, mid-cap fund, flexi cap fund, or gilded fund.
    3. From the minimum investment filter, you can select funds having minimum investment requirement as per your selected amount as ₹ 500 or ₹100 etc.
    4.  You can also any fund as your favorite to create 'my favorite list' by selecting the red heart icon given near a fund in the list.
  • To start a SIP, registering a mandate is compulsory. To know more see, What is a mandate and how to create a physical mandate for SIPs on Jainam’s Galaxy?