Guide
Starting an online SIP needs surprisingly little paperwork. Here's the complete checklist.
At minimum you'll need: a PAN card (mandatory for all mutual fund investing in India), proof of identity and address (Aadhaar commonly serves both), a bank account in your name, and a passport-size photograph for KYC.
You'll also need your bank details — account number and IFSC — to set up the auto-debit mandate that funds the SIP each month.
If you haven't completed KYC before, the online process typically asks for your PAN, Aadhaar (or alternative address proof), the photograph, and a short video or OTP-based verification. KYC is one-time and portable across fund houses.
To authorise the recurring debit, you register an e-NACH or One-Time Mandate (OTM) linked to your bank account. This usually needs net-banking or debit-card authentication, or a signed physical mandate for some banks. A cancelled cheque is sometimes requested.
Having your nominee details handy is sensible — adding a nominee at the outset avoids hassle later. An email address and mobile number linked to your PAN/Aadhaar will receive verification codes and statements.
This is general information; exact requirements vary by platform. Consult a SEBI-registered adviser for guidance on the investing decisions themselves.
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