More Tools and Calculators

Start low

With SIP you can start low and gradually scale up as you grow. The systematic investment plan is a convenient way to start your investment journey & watch your money grow in the long run.

Get access to multiple funds

Get access to hundreds of funds, compare them to start investing, and choose the best-suited fund that interests you.

Automate payments

SIP installments are an important part of saving. However, making the payments each month can be a hassle. By setting up auto payments, you can avoid the hassle and make sure your payments are never skipped.

Comprehensive reports & insights

Get detailed reports of the funds' past performances to make a more informed decision about where to invest your money. Review previous performance reports making sure that you are investing wisely.

Frequently asked questions

What is SIP or Systematic Investment Plan?
SIP or Systematic Investment Plan is a type of investment plan where an investor invests a fixed sum of money at fixed intervals into a specified mutual fund or group of mutual funds. This type of investment plan helps investors to save money and invest in a disciplined manner.
What is the minimum requirement to start a SIP?
You need to have a bank account from which you will be making regular deposits to your SIP account. The minimum amount required to start a SIP in India is Rs. 500.
Do I need a Demat account to start doing SIP?
No, you do not need a Demat account to start doing SIP. You can transfer money from your bank account to the mutual fund company's bank account and start your SIP that way.
How does a systematic investment plan work?
A systematic investment plan (SIP) is an investment plan that allows you to invest a fixed sum of money at fixed intervals. This helps you to avoid the hassle of having to time the market and also helps you to average out your purchase price.
What are the benefits of SIP?
A systematic investment plan, or SIP, is a great way to save for the future. With a SIP, you invest a fixed sum of money in a mutual fund or other investment vehicle at fixed intervals. This can help you avoid the temptation to buy high and sell low, which is often the result of investing based on emotion. A SIP also helps you take advantage of compounding returns, since your money will be invested over time regardless of market conditions. As a result, you can expect to see your investment grow at a steady rate, which can provide peace of mind in retirement.
How are the returns on SIP calculated?
The returns on a SIP investment are usually calculated using the compound annual growth rate (CAGR). This measures the growth of your investment over a period of time and takes into account the effect of compounding interest.

To calculate CAGR, you need to know the initial investment, the final value, and the number of years the investment was made for.

The formula for CAGR is:
CAGR = (Final Value - Initial Value) / (Initial Value) ^ (1 / Number of Years)
How is the tax on my SIP earnings calculated?
The tax on SIP returns in India is a relatively straightforward process. The first step is to determine the taxable income for the year. This is done by subtracting the amount of any deductions or exemptions that are applicable from the total amount of income that has been earned.

Once the taxable income has been determined, the appropriate tax rate must be applied to it to calculate the tax liability. Finally, any applicable surcharges or cesses must be factored in, and the final amount payable must be calculated.

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