- SIP(Systematic Investment Plan) refers to investing in mutual funds or other financial instruments by contributing a fixed amount regularly at predefined intervals (e.g., monthly or quarterly).
- Galaxy is a platform of Jainam to collect online orders from users to buy mutual funds directly from assets management companies with no commission pass back.
- All the units of mutual funds, stocks, currencies bonds, etc. are held in the same demat account with CDSL.
- To start a SIP at Jainam, follow the given steps: -
- Log in to space. jainam. in using your user ID, password, and PIN.
- Select Galaxy from the dashboard and then click on Invest Now.
- You can now scroll down and view details of different funds.
- Search or choose a mutual fund.
- Select Monthly SIP.
- Enter the Amount and Date for the SIP installment date and select start SIP.
- Your mapped bank details and approved mandates will be shown here. You can select a bank and mandate from here. If you want to start your SIP from the current month itself then, select the checkbox and click on Proceed.
- For payment you have below options: -
- Net banking
- UPI
- NEFT/RTGS
- Mandate and
- Cheque.
- Select any option and provide the relevant details as UPI ID. Select Proceed to pay.
- Select yes in pop–up to successfully register the SIP.
- Accept the payment request from your UPI app within 5 minutes. Don’t forget to select Set up Auto for future installments.
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RELATED FACTS: -
- You can see all the information related to the selected mutual fund as NAV, CAGR, AUM, 52-week high low, Returns, and peer comparisons at Galaxy.
- You can also apply different types of filters while selecting a mutual fund:-
- From the option fund category, you can select the type of instruments in which you want to invest for example debt or equity.
- From the subcategory option, you can select the type of fund in which you want to invest, for example, mid-cap fund flexy cap fund, or gilded fund.
- You can also check funds recommended by Jainam or top-ranked funds . You can also add some of the funds as your favorite to create my favorite list.
- To start a SIP, registering a mandate is compulsory. To know more see,
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