Back to FAQs
Question #130 • Financial Education
Financial Education
Question #130

Is it necessary to have a mandate to set up a SIP?

No, you can set up an SIP, even if you do not have a mandate, in the following ways: • iSIP – You add the AMC as a biller through internet banking. Each SIP has to be registered separately. • Alert SIP – You will be informed about upcoming installments every month. You can make the payment manually through net banking, or NEFT.
Found this helpful? Share with others!

Related Questions

Question #1

Mutual funds and Volatility

Mutual funds and Volatility Investors typically tend to pick a fund that has delivered the highest return in its category in the past. But can the pas...

Question #2

Consistency of performance: What does that mean?

Any day is a good day for investing in a mutual fund. And whenever you invest, you need your fund to deliver well – i.e., generate returns better than...

Question #3

Fincare services Explains : What to look for in a Scheme Information Document (SID)

Scheme Information Document (SID) provides investors with much of the information that you need to know about a scheme. You would have read disclaimer...

Question #4

Fincare Services Explains – Systematic risk and Unsystematic risk

In our previous posts we discussed volatility and risk and also risk adjusted returns. But what are the types of risks to a portfolio and how do you m...

Browse All FAQs

Need More Personalized Help?

Get expert advice tailored to your specific financial situation

Speak with Our Advisors