Click on Invest button in top left bar.
Based on your goals, choose the type of fund: A Wealth Builder fund invests in equity mutual funds for long term growth. A PARK CASH fund is a great alternative to bank deposits. A Save tax fund helps reduce your tax burden.
Let us go with Wealth Builder here.
You will see Jama Picks - our recommended funds. Choose one. Let us go with Aditya Birla Life Advantage Fund.
Click Start SIP to initiate SIP investment.
Select the scheme that you want to invest. Growth schemes reinvest any gains in the fund. Dividend schemes pay out such gains periodically.
Enter Installment amount. Select Frequency whether monthly or quarterly.
Select Start SIP date of Installment.
Enter number of Instalments. For example for monthly SIP, enter 120 for 10 years.
On the right side you can see the future value of the SIP assuming past returns.
For Automatic SIPs, tick the checkbox shown. A first order will get placed for automatic SIPs. For such SIPs the next installment will happen 30 days or more after the first order.
Leaving Automatic SIP it blank will mean you pay as you go, each time.
Click on Start SIP to initiate your order.
For Automatic SIPs, you must select a debit mandate. This mandate instructs the bank to debit your instalment.
If there is no mandate, create a new mandate. Add the mandate amount and select bank account number to create the mandate.
After selecting mandate, you will be redirected to payment gateway and to your bank Net banking page. Login with your Net banking credentials and complete the transaction.
To check our new SIP, go to the My SIP section to find more details. You can see the SIP registration id, next due date, instalments paid etc.