Systematic Investment Plan or SIP is a disciplined approach towards investment where a investor places a request for a debit from his/ her account at a pre-defined interval for a defined period. The investor has a choice of investing in an existing folio or under a new folio.

One Time Mandate (OTM):

A One-Time mandate is a mandate set up at a folio level and registered at the Investor’s bank for debiting the investor’s account.

1. An OTM can be used for investments for SIPs and Lumpsum purchases

2. Maximum Tenure for which an OTM can be registered is Forty (40) years.

3. Maximum Amount is at a Transaction level and hence he can also have multiple transactions triggered for the maximum amount opted for.

4. All details to be duly filled and there should not be any alteration in the mandate.

5. The UMRN number is the reference number that needs to be quoted as and when the investor uses the same bank mandate to register another SIP.

6. OTM will be registered at a Folio level. In a Single Folio, Investor will be able to register 5 separate OTMs with different banks. Separate OTMs will need to be registered for separate Folios. Once registered OTM Debit Mandate enables periodic deduction of Systematic Investment Plan transactions.

Normal SIP:

1. Normal SIP is registered along with a Lumpsum Purchase / SIP purchase or as a Standalone prospective SIP.

2. SIP can be registered under Monthly / Quarterly Option.

3. We offer SIP registration for any day between 01 ‒ 28th of every month.

4. The installment start date should be minimum of 25 calendar days but shall not be later than 100 calendar days from date of application submission date.

5. In case if no date is opted, the Default date considered shall be 05th of every month.

Multi Goal SIP:

1. Multi SIP can be registered up-to Three schemes using a single request.

2. SIP Top up is not allowed in Multi SIP.

3. Can be done through offline mode only.

4. Existing OTM can be used and if not, then new OTM form is mandatory.

5. OTM limit must be the total of all the schemes or more.

6. Multi SIP should be requested through Multi SIP form only.

Top Up SIP:

1. SIP Top-up is a facility wherein an investor who wishes to enroll for SIP, has an option to increase the amount of the SIP installment by a fixed amount at pre -defined intervals i.e., half yearly and yearly. The SIP Top-up amount should be filled in the SIP Enrollment Form itself.

2. The SIP Top-up minimum amount is Rs.500/- & in multiples of Re. 1/- thereafter.

3. The Default option for TOP up is Yearly frequency.

4. SIP Top-up Facility is not available under Micro SIPs.