- Tap Wealth at the bottom of your PhonePe app home screen.
- Tap Start A SIP to invest based on the risk type or search for a mutual fund that you want to invest in, under the Mutual Fund Categories.
Note: If the mutual fund you want to invest in is not visible under the Mutual Funds Categories section, tap See All. - Choose a fund for your SIP investment.
- Enter the amount, select a date for your recurring SIP and tap Select.
- Tap Invest Now.
- Tap Pay and set autopay.
How do I set up an SIP?
If you have already completed your KYC verification
If you have not completed your KYC verification
- Tap Wealth at the bottom of your PhonePe app home screen.
- Tap Start A SIP based on the risk type or search for a mutual fund that you want to invest in, under the Mutual Fund Categories.
Note: If the mutual fund you want to invest in is not visible under the Mutual Funds Categories section, tap See All. - Tap Proceed and choose a fund for your SIP investment.
- Enter the amount, select a date for your recurring SIP and tap Select.
- Tap Invest Now.
- Enter your PAN and tap Verify PAN. After your PAN verification,enter all the necessary details needed to proceed.
- Tap Start KYC to re-verify your PAN number and tap Confirm.
- Tap Proceed and initiate the DigiLocker KYC by entering your Aadhaar number and the captcha.
- Tap Next, enter the OTP received on your Aadhaar linked mobile number and tap Continue.
- Enter the Digilocker PIN if you have already generated it or set a 6 digit Digilocker PIN and tap Continue.
- Tap Allow to provide access to fetch Aadhaar and e-pan from your DigiLocker account.
- Click a selfie, fill in all the personal information, add your digital signature, and tap Next.
- Tap Continue to verify your Aadhaar details, tick the checkbox, enter the OTP and tap Verify OTP to digitally sign your KYC application.
- Select a bank account, enter your UPI PIN, and tap Pay.
- Tap Proceed to Payment.
Important:
- After your first auto payment is complete, you will be notified when the AMC allocates units via your email. You can check the My Portfolio section for more information
- Each SIP would be registered for a maximum default duration of 30 years from the date of set-up
- You can modify, skip your payment, or delete your SIP at any time during the default duration
- To extend the default duration period of your SIP, you need to set-up a new SIP
Learn more about completing the auto payment set-up.
