Start SIP Online
Investors have the option of enrolling for systematic investments plans online using the i-SIP facility. This is a completely paperless and secure method of setting up a SIP for funds that offer such a facility.To use the i-SIP facility, the investor should have access to Netbanking. Also, the bank should be among those approved to offer an i-SIP facility.
KYC
KYC compliance is one of the basic preconditions of mutual fund investing. The investor should have his KYC documents submitted and registered with the KYC Registration Agency to be eligible to invest online through i-Sip.
Online i-SIP form
Investors can register an i-Sip by filling up an online form available on the website of the fund. Information such as the PAN, bank details, address, SIP scheme name, amount, frequency and period must be entered at the time of registration.
URN
Once all the information is entered and submitted online, a URN (unique registration number) is generated. This is displayed on the screen and also sent to the investor's email address and registered mobile number.The URN is required to be quoted to carry out the next step.
Biller addition
Next, the investor is required to log in to his internet banking site and add the mutual fund as a new biller. Biller addition must be completed within 10 days after the generation of the URN, otherwise it will be deactivated. The URN must be entered when prompted. The bank will then activate the biller after verification.
Auto debit
The investor can opt for the auto debit option while registering the biller. On doing this, the SIP instalment will automatically be debited from the investor's bank account and sent as payment to the biller (mutual fund) on the due date.
It is important to retain the URN, as the investor might need to quote the same for future reference.
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Top 10 Tax Saver Mutual Funds to invest in India for 2016
Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Religare Tax Plan
4. DSP BlackRock Tax Saver Fund
5. Franklin India TaxShield
6. ICICI Prudential Long Term Equity Fund
7. IDFC Tax Advantage (ELSS) Fund
8. Birla Sun Life Tax Relief 96
9. Reliance Tax Saver (ELSS) Fund
10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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