How do I start an SIP on FundsGenie?
To start an SIP through FundsGenie:
Step 1. Log in to FundsGenie and search for the desired fund
Step 2. Select SIP
Step 3. Enter the required SIP Amount
Step 4. Select the Investment Day (Date), Investment Frequency, Investment Mode & Tenure, Order Type (Physical / Demat) > Proceed
Step 5. Select the desired Mandate Amount (only the installment amount will be deducted) and tick the Mandate Creation Box > Proceed
Step 6. The payment can be made in 4 ways:
The payment process varies based on your order type (Physical / Demat)
Physical- You will be required to authenticate the order placement through the email/SMS sent to your contact details registered with the folio (existing investments)/your account (fresh purchases), and then proceed with the payment.
Demat- You can select the desired option and make the payment.
Step 7. Authenticate the NACH Mandate/OTM for the SIP. This can be done in 3 ways:
- The authentication pop-up that is displayed when you log in.
- Go to Mandate > Mandate Report > Select Authenticate next to the respective mandate. You will be able to authenticate the mandate via net banking or debit card (for NPCI-supported banks).
- The e-mandate authentication link sent from BSE.
We currently offer only monthly SIPs on FundsGenie. For other frequencies, you will have to invest through the offline route.