With Bajaj Asset Management Limited’s new and simplified investment journey, you can now start an SIP in just three stepsThere is no complicated application process or physical paperworkThe journey can be completed online, helping you put your investment plan into action and begin investing regularly towards your long-term goals.
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Bajaj AMC’s new SIP journey
How to start an SIP with Bajaj AMC
Before you begin, keep your PAN and registered mobile phone with youYou will also need access to the bank account from which your SIP instalments will be paidThen, you need to follow these steps:
Step 1: Sign in and choose a fund
Click on “Invest Now” or the user icon at the top of the Bajaj AMC website (www.bajajamc.com)This will take you to the transaction portal.
There, enter your PAN and complete the required verification using the OTP sent to your registered mobile phone number or email addressYou will also need to enter or set a four-digit PIN for enhanced security.
This will take you to the account home page, where you can browse the available mutual fund schemes.
Step 2: Enter and review your SIP details
Once you choose a fund, click on ‘Start SIP’Then, enter the amount that you want to invest, the investment frequency, the start date, and the durationYou will also see an “Investment Mode” drop-down menuHere, you can choose between a Direct Plan and a Regular Plan.
A Direct Plan is purchased directly from the mutual fund, while a Regular Plan is purchased through a mutual fund distributorThe two plans invest in the same underlying portfolio but have different expense ratios – the cost of the Regular Plan is slightly higher because it accounts for a distributor commissionConsider whether you prefer to make and manage your investments independently or with distributor assistance.
Before continuing, review all the details carefullyThen, read and accept the terms and conditions and click on “Invest”.
Step 3: Set up AutoPay
The final step is to create an AutoPay mandateThis authorises your bank to debit the SIP amount on the scheduled dates.
Choose an AutoPay method, such as UPI, net banking or debit cardYou will then be redirected to your payment app or bank’s pageReview the mandate details and approve the request.
Consider choosing a sufficiently high mandate amount to give you room to add or increase SIPs laterThe mandate amount only sets the maximum debit limit; the actual deduction will be based on your SIP instalment.
For the duration, if you have a fixed date in mind, you can select the number of instalmentsIf not, select “Until I stop” to keep the SIP active until you cancel it.
After the mandate has been successfully registered, your SIP setup is complete, and the money will be debited from your account on the scheduled date (subject to applicable processing timelines)You can also view the transaction and SIP details in your Bajaj AMC account.
For investors who already have an existing mandate with Bajaj AMC, the investment process is even simpler and quickerInvestors who are new to Bajaj AMC will need to create their account and folio through a convenient and guided onboarding journeyThose who are not KYC Validated will also need to complete their Know Your Customer process.
Bajaj Asset Management Limited or Bajaj AMC was formerly known as Bajaj Finserv Asset Management Limited.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
This document should not be treated as endorsement of the views/opinions or as investment adviceThis document should not be construed as a research report or a recommendation to buy or sell any securityThis document is for information purpose only and should not be construed as a promise on minimum returns or safeguard of capitalThis document alone is not sufficient and should not be used for the development or implementation of an investment strategyThe recipient should note and understand that the information provided above may not contain all the material aspects relevant for making an investment decisionInvestors are advised to consult their own investment advisor before making any investment decision in light of their risk appetite, investment goals and horizonThis information is subject to change without any prior notice.