How to start a Systematic Investment Plan (SIP) using the Bajaj Broking mobile application
Bajaj Broking enables investors to set up SIPs online after completing account opening and KYC, which requires PAN, bank details, and a registered mobile number. The platform provides access to more than 4,000 mutual fund schemes across equity, debt, hybrid, index and sector categories.
The SIP creation process consists of seven steps: 1) Log in to the Bajaj Broking app; 2) Navigate to the Mutual Funds section; 3) Select a fund and review its risk profile, holdings, expense ratio, exit load and any lock‑in period; 4) Choose the SIP option instead of a lump‑sum purchase and enter the desired amount, which can be as low as Rs 100 for schemes that allow it; 5) Set the SIP frequency and preferred debit date, typically monthly; 6) Register an e‑mandate by providing bank account number and IFSC, and authorise the bank to debit the specified amount on the chosen dates; 7) Review the SIP details in the app and monitor the investment regularly.
Investors must maintain sufficient balance in the linked bank account before each debit date; a failed debit results in a missed instalment. The app also offers a SIP calculator that projects an estimated future value based on the entered amount, tenure and assumed rate, while explicitly stating that returns are not guaranteed.
Overall, the guide emphasizes careful verification of fund details, risk level, expense ratio, exit load and lock‑in terms, as well as consistent monitoring of the SIP to ensure it remains aligned with the investor’s financial goal.