Investing in mutual funds just became easy! Now you can enroll in systematic investments plans (SIPs) online using the i-SIP facility. It is an absolutely paperless facility.

Under i-SIP, you may initiate a SIP for funds using a secure and automated gateway. To use the i-SIP facility, you need to have Netbanking-enabled account which needs to be KYC compliant as well. The bank where you are holding a saving account has to be the one approved to offer an i-SIP facility. You can follow these easy steps to avail an i-SIP facility. Steps to activate your i-SIP through Kotak Netbanking:
  1. Go to kotak netbanking page
  2. Login with your credentials into your account.
  3. Go to BillPay/Recharge.
SIP in kotak bank-Welcome 4. Select Click here to add a biller SIP in kotak bank-Add biller   5. Select the Mutual Funds option and select the mutual fund company that you wish to add (Eg: Axis Mutual Fund ISIP) SIP in kotak bank-Select mutual fund 6. You will come to the biller details screen. Enter the following as described in the image below:
  • Add any nick name to identify the SIP(Eg: Axis SIP)
  • Add unique registration number(URN) for that fund shared with you.
  • Set Autopay as Yes.
  • Set Bill amount as Pay full amount.
  • Set pay via bank account
  • Select account number from the drop down list
  • Click Add biller to save
SIP in kotak bank-Biller details 7. Click on confirm to add the biller. SIP in kotak bank-confirm biller  

Why should you do this?

  • Hasslefree – You do it once and every month your investments get done automatically.
  • Paperless – No need to sign any cheques or courier any documents.
  • Secure – It’s completely safe as all your investments go through your net banking account.

Frequently Asked Questions

  • Does this auto pay option have any fee ?
    No, these are free of charges.
  • Do I have to sign cheque or courier any documents for the auto pay option ?
    No its paperless no need to sign a cheque or courier any documents.

Make Small Investments for Bigger Returns

image
Start Investing Now