How to Make Daily SIP Investment?

How Can I Make Daily SIP Investment?

Recently, many mutual fund houses in India have launched a Daily SIP schemes to attract the fresh money from the retail investors. Daily SIP Plans allow investors to invest a small amount of money on the daily basis, if they so wish to.

Right now, two Mutual Fund houses have floated Daily SIP Schemes

01) Bharti AXA &

02) Sahara Mutual Fund

Both of these fund houses have launched a Daily SIP Schemes. Here is a step by step guide of How can you make Daily SIP Investment?

Step: 1 Go the websites of Bharti AXA or Sahara Mutual Fund. Find out the Daily SIP Plan.

Step: 2 Download the application form and print it.

Step: 3 Fill the form. Fill all the necessary details and fill the amount of SIP you want to start.

Step: 4 Call the Customer Care and tell them that you want to start Daily SIP. They will send their executives at your home. You simply give the application form to their executive. The Executive will verify the details and submit the form on behalf of you

Step: 5 You are Done. You will start receiving monthly Statement via courier.

Alternatively, you can invest in Daily SIP from your online Demat account also such as ICICIDirect.com. Simply put the order online and your Daily SIP will start right away. No need to do any paperwork or large documentation.

The main advantage of Daily SIP is that, it will do rupee-cost-averaging for you on the daily basis. And thus it will reduce your over all entry price in the market sharply…!!!