How to Start SIP in Zerodha: 5 Easy Steps for Smart Investors

Introduction

How to Start SIP in Zerodha is one of the best ways to grow wealth over time through mutual funds. Investing in mutual funds via Systematic Investment Plans (SIPs) ensures disciplined and consistent investing. Zerodha, India’s leading discount brokerage firm, offers an easy and seamless way to start investing in mutual funds via Zerodha Coin, its direct mutual fund investment platform.

If you are looking for how to start SIP in Zerodha, this detailed guide will help you understand everything from registration to investment. We will also cover how to start mutual fund SIP in Zerodha, how to start an SIP in Zerodha, and how to start mutual fund SIP in Zerodha Kite to ensure you have all the necessary information.

What is SIP and Why Should You Invest in It?

A Systematic Investment Plan (SIP) allows investors to invest a fixed amount in mutual funds at regular intervals. Instead of investing a lump sum, SIP enables you to invest monthly, helping you average out the market fluctuations and benefit from the power of compounding.

Benefits of Investing in SIP through Zerodha

• Zero Commission: Zerodha offers direct mutual funds, meaning you don’t have to pay any commission.
• Easy Setup: A quick, paperless way to start SIP.
• Transparency: Direct access to mutual fund investments.
• Automated Investment: Set it once and forget it.
• Seamless Tracking: You can track your SIP investments through Zerodha Coin and Zerodha Kite.

If you are wondering how to start SIP in Zerodha, follow this step-by-step guide.

How to Start SIP in Zerodha

Step 1: Open a Zerodha Account

To start investing in SIP through Zerodha, you need a Zerodha Demat and Trading account. If you don’t have an account, follow these steps:

1. Visit Zerodha’s website and click on ‘Sign Up’.
2. Enter your mobile number and verify it with an OTP.
3. Provide PAN details, Aadhaar details, and complete the e-KYC process.
4. Upload required documents, including address proof and income proof.
5. Complete eSign via Aadhaar-based authentication.
6. Pay the account opening charges (nominal fee for Demat & Trading account setup).
7. Wait for account activation, which usually takes 24-48 hours.

Once your account is activated, you can proceed with how to start SIP in Zerodha.

Step 2: Log in to Zerodha Coin

Zerodha has a dedicated mutual fund platform called Zerodha Coin. Follow these steps to log in:

1. Visit coin.zerodha.com
2. Log in using your Zerodha credentials.
3. Verify your account if logging in for the first time.

If you want to know how to start mutual fund SIP in Zerodha, then logging into Zerodha Coin is the first step.

Step 3: Choose a Mutual Fund

Once logged in:

1. Use the search bar to find the mutual fund you want to invest in.
2. You can filter funds by category, risk level, and past performance.
3. Click on the desired mutual fund to proceed.

If you are confused about how to start an SIP in Zerodha, this step will help you finalize the fund.

Step 4: Set Up Your SIP

Once you select a mutual fund:

1. Click on ‘Invest’ and choose ‘SIP’.
2. Enter the SIP amount (Minimum ₹500 for most funds).
3. Select frequency (Monthly, Quarterly, etc.).
4. Choose the start date for your SIP.
5. Review details and click ‘Start SIP’.

This step completes the process of how to start mutual fund SIP in Zerodha.

Step 5: Approve Bank Mandate for Auto-Debit

For SIPs to continue automatically:

1. Set up a mandate for auto-debit from your bank account.
2. Approve the mandate using net banking.
3. Mandate approval may take up to 2-3 days.

After the mandate is approved, your SIP will begin on the chosen date.

For those searching how to start mutual fund SIP in Zerodha Kite, you can follow similar steps via the Zerodha Kite app.

How to Start Mutual Fund SIP in Zerodha Kite?

Zerodha Kite is primarily for stock trading, but you can also track your mutual fund investments:

1. Log in to Zerodha Kite
2. Go to ‘Holdings’ and check your mutual fund SIPs.
3. Use Kite to analyze fund performance and make necessary changes.

If you are wondering how to start mutual fund SIP in Zerodha Kite, then note that investment happens via Zerodha Coin, but tracking is available in Kite.

SIP Performance Tracking in Zerodha

After you have learned how to start SIP in Zerodha, you should also monitor its performance:

• Visit Zerodha Coin dashboard for an overview.
• Check SIP portfolio under investments.
• Modify or stop SIP anytime as per your preference.
• Rebalance portfolio based on market trends.

FAQs regarding how to start sip in zerodha

1. Is there any commission for SIP in Zerodha

No, Zerodha offers direct mutual funds, which means zero commission and lower expense ratios.

2. What is the minimum amount to start SIP in Zerodha?

Most mutual funds require a minimum SIP amount of ₹500 or ₹1000 per month.

3. How to stop an SIP in Zerodha?

Log in to Zerodha Coin > Select SIP > Click on ‘Stop SIP’ to cancel the investment.

4. Can I modify the SIP amount later?

Yes, you can increase or decrease the SIP amount anytime from the Coin platform.

5. How to start SIP in Zerodha using UPI?

You can set up a UPI mandate while starting an SIP, allowing automatic deductions.

Conclusion on How to Start SIP in Zerodha

Investing in SIP through Zerodha is simple, cost-effective, and a great way to build long-term wealth. Whether you are searching for how to start SIP in Zerodha, how to start mutual fund SIP in Zerodha, or how to start an SIP in Zerodha Kite, this guide provides all the necessary details.

Zerodha’s direct mutual fund platform ensures zero commission, making it one of the best choices for SIP investors. Start your SIP today and let your money grow over time! 🚀. You can learn which is best SIP here.