Before you make any <a href="https://www.mutualfundssahihai.com/en">Mutual Fund investment</a>, you need to complete a <a href="https://www.mutualfundssahihai.com/en/what-kyc-process">KYC process</a>. This is done through submission of certain documents as proof of identity and proof of address. The process of starting or stopping an SIP is extremely convenient and easy. How to start an SIP is explained in the graphics on the left.What happens when you skip an installment or two?<a href="https://www.mutualfundssahihai.com/en/what-systematic-investment-plan-sip">SIP</a> is just a convenient mode of investing and not a contractual obligation, there is no penalty even if you miss an installment or two. At most, the Mutual Fund Company would stop the SIP, which means further installments would not get debited from your bank account. At the same time, you can always start another SIP, even in the same folio, even after the earlier SIP was stopped. Please keep in mind, this would be treated as a fresh SIP and hence there could be some time taken to set up the SIP all over again.&nbsp;Consult with a <a href="https://www.mutualfundssahihai.com/en/there-some-external-help-i-can-get-plan-my-financial-goals">financial expert</a> today and start enjoying the <a href="https://www.mutualfundssahihai.com/en/what-are-benefits-investing-mutual-funds">benefits of Mutual Funds</a>!

How do I start/stop a SIP? What happens if I miss an instalment?

<a href="https://www.mutualfundssahihai.com/en/what-systematic-investment-plan-sip">Invest in SIP</a> or a one-time investment (lumpsum)? Choosing one depends on your familiarity with <a href="https://www.mutualfundssahihai.com/en">Mutual Funds</a>, the fund you want to invest in and your goal. If you want to invest regularly to accumulate sufficient capital for a goal, invest in a suitable equity scheme through SIP. Like, if you want to save from your monthly income and put it in an option where you can grow your money significantly so that in the long run it’ll be sufficient to <a href="https://www.mutualfundssahihai.com/en/how-do-you-use-mutual-funds-planning-your-childs-education">fund your child’s higher education</a>, SIP is the answer. Seek help from a financial expert if needed.If you have surplus cash now, like - bonus, proceeds from property sale or retirement corpus, but unsure how to use it, go for lumpsum investment in a debt or liquid fund. SIPs are advisable for investing in equity-oriented schemes while lumpsums are better suited for <a href="https://www.mutualfundssahihai.com/en/what-are-debt-funds">debt funds</a>. If you are new to <a href="https://www.mutualfundssahihai.com/en/what-ideal-amount-start-investing-mutual-fund">investing in Mutual Funds</a>, SIPs are meant for you. SIPs need sufficiently long-time horizons to prove beneficial. You may invest in lumpsum if the market has been following an upward trend and you think it’ll continue for long. SIPs are best suited for a widely fluctuating market phase.

How should I choose whether to go for SIP or Lumpsum?

An SIP (systematic investment plan) allows investors to invest a fixed amount at &nbsp;regular intervals into a mutual fund. Primarily, SIPs or Systematic Investment plans are simply investing small amounts regularly.The major benefits of an SIP are:- It is a flexible investment option for any investor as they are allowed to choose the amount to invest, frequency of the investment, and duration of the investment. It is a convenient solution for investors who do not have a lump sum capital ready in hand.- An investor can start investing with an amount as small as Rs.100/- per month - It instils a disciplined habit of investment among individuals - where he or she will have to set aside a fixed sum of money for each day, week, month, or quarter, according to their chosen frequency.&nbsp; - Rupee cost averaging is another benefit of SIP investments. It helps you to average out the cost of your investment in Mutual Funds over time. The market volatility can be mitigated to some extent.&nbsp; - SIPs offer the power of compounding when an individual invests over a long period of time.Disclaimer Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

SIP and how it works