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How to open SIP account online
In summary
An SIP lets you invest a fixed amount in a mutual fund at regular intervals. You do not need a separate bank account to start an SIP.
- You must complete KYC before investing in mutual funds.
- You can choose the SIP amount, frequency, and instalment date.
- You need valid bank and payment details for the SIP mandate.
- An SIP can be available from Rs. 100 per month, depending on the scheme.
- The Bajaj Broking website provides access to 4,000+ mutual fund schemes.
- An SIP does not guarantee returns or prevent market losses.
The online process is generally straightforward once your KYC and payment details are ready. You should review the scheme's objective, risk level, costs, and terms before investing.
What is an SIP and how does it work?
A Systematic Investment Plan, or SIP, is a method of investing a fixed amount in a mutual fund scheme at regular intervals, such as monthly or quarterly. It is different from a lumpsum investment, where you invest an amount at one time.
With an SIP, the amount you choose is invested according to the instructions you set up. The number of mutual fund units you receive depends on the applicable NAV on the transaction date.
Regular investing can help you follow a planned investment approach. However, an SIP does not guarantee returns or protect you from market losses.
What do you need to start an SIP online?
Before starting, keep your KYC information and bank details ready. The exact documents and verification steps can vary depending on your KYC status, investor type, and the route you use to invest.
KYC is mandatory before investing in mutual funds. You may complete it through an eligible intermediary or other permitted KYC route. You can learn more about an Asset Management Company and a Registrar and Transfer Agent if you are unfamiliar with their roles.
You may need information such as your PAN, identity and address details, and bank-account information. Additional verification or documents may apply depending on your circumstances.
How do you open an SIP online?
The exact screens can differ across platforms, but the process generally follows these steps.
- Complete KYC
First, complete the applicable KYC requirements. If your KYC is already valid, you may not need to repeat the entire process. Check your current KYC status before starting a new investment.
2. Select a mutual fund scheme
Choose the mutual fund scheme you want to invest in. Consider its investment objective, portfolio, risk level, costs, and whether it fits your financial goal.
3. Decide your SIP amount
Choose an amount that fits your regular budget. You can use an SIP calculator to illustrate how different investment amounts and periods could affect the projected value. Calculator results are illustrations and do not guarantee actual returns.
4. Choose the frequency and payment date
Select the available SIP frequency and instalment date. You may be able to choose monthly or other frequencies, depending on the scheme and platform. You can make recurring payments through the available payment or mandate options, including applicable one-time mandate facilities. Read the terms of the SIP investment carefully before confirming the instruction.
5. Review and confirm
Check the scheme name, plan, option, SIP amount, frequency, bank details, and payment mandate before submitting. Once the SIP is registered, subsequent instalments will be processed according to the instructions and applicable transaction rules.
Which mutual fund can you choose for an SIP?
You can set up an SIP in eligible mutual fund schemes across different categories. The appropriate category depends on the scheme's objective and your own investment requirements rather than simply on past returns.
You can explore NFO Mutual Funds, Debt Mutual Funds, Hybrid Mutual Funds, and ELSS Mutual Funds.
What should you check before starting an SIP?
Before setting up an SIP, look beyond the investment amount. Check the scheme's objective, portfolio, Riskometer, costs, applicable exit load, and whether its risk level matches your circumstances.
An SIP does not remove market volatility, and the value of your investment can fall. Your risk tolerance is therefore an important consideration.
For example, Priya earns Rs. 70,000 a month and wants to invest Rs. 5,000 regularly towards a long-term goal. Before starting, she reviews the scheme's objective and risk level, checks that Rs. 5,000 fits comfortably within her monthly budget, and then sets up the SIP and payment mandate. She does not assume that investing Rs. 5,000 guarantees a particular future amount.
Also check whether the scheme has an exit load before investing. An exit load may apply when you redeem units within a specified period.
What happens after you start an SIP?
The selected amount is processed according to your SIP instructions. The applicable amount is used to purchase units in the selected mutual fund scheme, subject to the scheme's transaction rules and applicable NAV.
If an instalment fails, for example because there is insufficient balance or a payment mandate issue, the SIP may not be processed for that instalment. Check the platform or fund house for the applicable process.
Stopping an SIP and redeeming existing units are also different actions. Stopping future instalments does not automatically sell the units you already hold.
Conclusion
Starting an SIP online generally involves completing the applicable KYC requirements, selecting a mutual fund scheme, deciding the investment amount and frequency, setting up the payment mandate, and confirming the details. You should also understand the scheme's risk, costs, and investment objective before investing.
An SIP can make regular investing more structured, but it does not guarantee returns. The value of mutual fund investments can rise or fall with market conditions.
Last reviewed: September 2026
Mutual funds are subject to market risk. Please read the scheme-related documents carefully before investing.
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Frequently Asked Questions
Managing your SIP
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Can you pause an SIP without redeeming your mutual fund units?
Yes, where the scheme or platform provides a pause facility, you may be able to temporarily stop future instalments without selling the units you already hold. The exact pause period and conditions can vary. Stopping an SIP and redeeming your investment are separate actions, so check the applicable terms before making a change.
Can you change the SIP amount after starting?
This depends on the platform and scheme. Some platforms may allow you to modify or stop the existing SIP and register a new instruction with a different amount. Before changing it, check whether the modification creates a new mandate or requires a separate registration.
What happens if your SIP payment fails?
A failed payment may occur because of insufficient funds, an inactive mandate, incorrect bank details, or another payment issue. The affected instalment may not be invested. Check your registered bank account and payment mandate, and follow the platform's process for any subsequent instalment.
Does stopping an SIP automatically withdraw your investment?
No. Stopping an SIP generally prevents future instalments from being made. It does not automatically redeem the mutual fund units you have already purchased. If you want to withdraw those units, you generally need to place a separate redemption request, subject to the scheme's terms.
Can you have multiple SIPs at the same time?
Yes, you can have multiple SIPs in different mutual fund schemes, subject to the applicable platform and scheme terms. The number of SIPs you need depends on your financial goals and overall portfolio. Having more SIPs does not automatically mean you have a better-diversified portfolio.
Can you start an SIP if your KYC is already completed?
Yes, if your KYC status and other applicable requirements allow you to invest. You should check that your KYC details are current and that the bank and payment information you provide is correct before setting up the SIP.
Disclaimer
Bajaj Finance Limited ("BFL") is registered with the Association of Mutual Funds in India ("AMFI") as a distributor of third party Mutual Funds (shortly referred as 'Mutual Funds) with ARN No. 90319
BFL does NOT:
(i) provide investment advisory services in any manner or form.
(ii) carry customized/personalized suitability assessment.
(iii) carry independent research or analysis, including on any Mutual Fund schemes or other investments; and provide any guarantee of return on investment.
In addition to displaying the Mutual fund products of Asset Management Companies, some general information is sourced from third parties, is also displayed on As-is basis, which should NOT be construed as any solicitation or attempt to effect transactions in securities or the rendering any investment advice. Mutual Funds are subject to market risks, including loss of principal amount and Investor should read all Scheme/Offer related documents carefully. The NAV of units issued under the Schemes of mutual funds can go up or down depending on the factors and forces affecting capital markets and may also be affected by changes in the general level of interest rates. The NAV of the units issued under the scheme may be affected, inter-alia by changes in the interest rates, trading volumes, settlement periods, transfer procedures and performance of individual securities forming part of the Mutual Fund. The NAV will inter-alia be exposed to Price/Interest Rate Risk and Credit Risk. Past performance of any scheme of the Mutual fund do not indicate the future performance of the Schemes of the Mutual Fund. BFL shall not be responsible or liable for any loss or shortfall incurred by the investors. There may be other/better alternatives to the investment avenues displayed by BFL. Hence, the final investment decision shall at all times exclusively remain with the investor alone and BFL shall not be liable or responsible for any consequences thereof.
Investment by a person residing outside the territorial jurisdiction of India is not acceptable nor permitted.
Disclaimer on Risk-O-Meter:
Investors are advised before investing to evaluate a scheme not only on the basis of the Product labeling (including the Riskometer) but also on other quantitative and qualitative factors such as performance, portfolio, fund managers, asset manager, etc, and shall also consult their Professional advisors, if they are unsure about the suitability of the scheme before investing.
Disclosure: Bajaj Finance Limited (BFL) is a distributor of Mutual Funds with ARN - 90319 and distributes mutual funds of Bajaj Finserv Asset Management Limited (BFSAMC). BFL receives commission towards distribution of mutual fund products. BFSAMC is a group company of BFL, carrying business on arm’s length basis without any conflict of interest and in accordance with the prevailing law / regulation.
Disclaimer
Bajaj Finance Limited ("BFL") is an NBFC offering loans, deposits and third-party wealth management products.
The information BFL contained in this article is for general informational purposes only and does not constitute any financial advice. The content herein has been prepared by BFL on the basis of publicly available information, internal sources and other third-party sources believed to be reliable. However, BFL cannot guarantee the accuracy of such information, assure its completeness, or warrant such information will not be changed.
This information should not be relied upon as the sole basis for any investment decisions. Hence, User is advised to independently exercise diligence by verifying complete information, including by consulting independent financial experts, if any, and the investor shall be the sole owner of the decision taken, if any, about suitability of the same.
Disclaimer
Mutual Fund SIP calculator may provide potential investors an approximate estimate on the maturity amount of the monthly SIP, purely based on mathematical calculation of the projected annual return rate selected by investor. However, such calculation does not factor the actual performance by the Asset Management Company (AMC) and should not be treated as any advice or assurance about the actual return of investment. Mutual Funds do not have a fixed rate of return and it is not possible to predict the rate of return. Please note that the SIP calculator are for illustrations only and do not represent actual returns which may vary depending on various factors including but not limited to actual performance, expense ratio, taxation, exit load (if any), etc.