One of the best way to invest your money to get more returns in Mutual Funds.
You can get the benefits of the stock markets.
The investment has less risk when compared to stock market investments.
Most of the schemes offers systematic investment options for the investors.
This is a great option for the retail investors to invest in these schemes.
The minimum investment amount for investing in systematic investment plans is Rs 500.
In some of the schemes you can make a minimum investment of Rs 100.
Some of them are "SBI Chota SBI Scheme" and "Reliance Mutual Funds".
Method of Payment: You can choose any method to make the payment for SIP plans.
Based on the minimum amount to be invested, you can give a post paid cheque to the company.
They will deposit the cheque on the due date every month and once the amount is paid to the company, you will be getting an updated fund statement indicating the updated units.
The new units will be bought for the current NAV.
The other method of payment available is SIP auto debit facility.
You can give auto debit instructions to your bank account for the amount to be paid every month.
The amount will be debited from your bank account automatically and will be paid to the mutual fund company.
Once the amount is received, additional units will be added to your folio and you will receive the updated statement.
Next Step: Start Investing: You can apply online for any SIP Scheme.
The online application is available in the leading websites.