How to Purchase SIP in NJ E-Wealth Account? Start SIP Online | Mutual Funds Investment Kaise Kare? Through Mobile Application





Hello friends! Welcome to NJ Distributor, your go-to guide for Mutual Fund Distribution through NJ. Today, we will walk you through the step-by-step process of starting an SIP (Systematic Investment Plan) in an NJ E-Wealth account using the mobile application. If you want to invest in mutual funds in a disciplined and hassle-free manner, SIP is the best way to do it. Let’s get started!

What is SIP?

SIP (Systematic Investment Plan) is a method of investing in mutual funds where a fixed amount is invested at regular intervals, typically monthly. It helps inculcate a disciplined investment habit and offers benefits like Rupee Cost Averaging and long-term wealth creation.

Steps to Start an SIP in NJ E-Wealth Account

Step 1: Log in to NJ E-Wealth Mobile Application

  1. Open the NJ E-Wealth mobile application.

  2. Enter your login credentials and sign in.

  3. Once logged in, the home page will display your investment summary, including your current holdings and portfolio value.

Step 2: Navigate to the Investment Section

  1. Scroll down to find the “Investment” option.

  2. Click on “Mutual Funds.”

  3. You will see multiple investment options such as Purchase, Buy SIP, Redeem, SWP (Systematic Withdrawal Plan), Switch, and STP (Systematic Transfer Plan).

  4. Select the “Buy SIP” option.

Step 3: Select the Mutual Fund Scheme

  1. A search box will appear where you need to type the name of the mutual fund scheme you wish to invest in.

  2. If you are unsure about which scheme to choose, consult a financial advisor to determine the best option based on your risk profile, investment goal, and tenure.

  3. Once you find your preferred scheme, select it.

  4. Choose between Growth and IDCW (Income Distribution cum Capital Withdrawal) options. For long-term wealth creation, the Growth option is recommended.

Step 4: Enter SIP Details

  1. Click on “Transact” and select “Purchase.”

  2. Choose SIP Mode and enter the required details:

    • Bank Account: Select your registered bank account for auto-debit.

    • SIP Frequency: Choose Monthly.

    • SIP Amount: Enter the amount you wish to invest (minimum ₹100 per month).

    • SIP Date: Select the date of monthly deduction (e.g., 5th of every month).

Step 5: Enable SIP Top-Up (Optional but Recommended)

  1. SIP Top-Up helps in increasing your investment amount periodically to combat inflation.

  2. Select the Top-Up Amount (e.g., ₹1,000 per year) and frequency (e.g., Yearly).

  3. This ensures that your SIP amount automatically increases every year, helping in better wealth creation.

Step 6: Select SIP Duration

  1. Choose the number of installments (e.g., 360 installments for long-term investment).

  2. Selecting a longer duration is advisable as SIPs can be stopped anytime if needed.

Step 7: Confirm and Submit SIP Request

  1. Click on “Continue” and review your SIP details.

  2. Select “Execution” under the Initiation Category and click “Continue.”

  3. Verify all details once again and accept the terms.

  4. Click on “Confirm” to submit the SIP request.

  5. A success message will appear confirming the SIP initiation.

  6. You will receive an email confirmation on your registered email ID.

Final Thoughts

Starting an SIP in NJ E-Wealth is a simple and effective way to invest in mutual funds. With just a few clicks, you can automate your investments and achieve your long-term financial goals. Don’t forget to enable the SIP Top-Up feature for better wealth creation.

If you found this guide helpful, don’t forget to like, share, and subscribe to our blog for more updates on mutual fund investments. For professional assistance, feel free to contact us.

Happy Investing!

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