Finance Guru Speaks: Good news for Investors who were eagerly waiting to invest their money in
SBI Small & Midcap Fund. For the unaware, this fund is considered to be the best fund in Small Cap Mutual fund category and investment in this fund was temporarily suspended in October 2015.
SBI Mutual Fund House has again allowed investment through SIP & STP manner in this fund. Due to SEBI guidelines, this fund is now renamed as
SBI Small Cap Fund.
This article will guide you on how you can start Online SIP in
SBI Small Cap Fund. Same steps can be used to start online SIP in any other SBI Mutual Fund.
Note: Fresh Registration through Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) in SBI Small Cap Fund, individually or cumulatively, shall be allowed for a maximum of upto Rs. 25,000/- per PAN for monthly and quarterly frequency. The AMC reserves the right to reject the application and refund the amount without any notice to the investor, if the application made under the scheme is not in line with the applicable provisions of the scheme related documents.
If you are an existing SBI Mutual Funds investor, then first of all get registered to its
SBI MF website.
Please click this
link and follow the instructions as
New User to get your Folio No. registered with the SBI MF website.
After successful registration, you will get your Username and Password to access SBI MF Online.
Steps to follow to invest online SIP in SBI Small Cap Fund :-
1. Open
SBI Mutual Fund - Investor Login website.
2. Provide your Username and Password and click on
LOGIN button.
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| SBI Mutual Fund Login |
3. In the Home page, click
New Investment as shown below :-
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| SBI Mutual Fund Online SIP |
4. In the Next Screen, select your Folio No. and Broker as
Direct, as shown below :-
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| Click to enlarge - SBI Mutual Fund Online SIP |
5. Select your
SBI Small Cap Fund :-
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| Click to enlarge - SBI Mutual Fund Online SIP |
6. Read the notice:-
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| SBI Mutual Fund Online SIP |
7. Select
SIP Frequency :-
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| Click to enlarge - SBI Mutual Fund Online SIP |
8. Provide
SIP Amount, SIP Period and
Bank details as shown below and click on
SUBMIT button:-
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| Click to enlarge - SBI Mutual Fund Online SIP |
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| Click to enlarge - SBI Mutual Fund Online SIP |
9. In the Next page, check your SIP Summary and click on
CONFIRM button:-
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| Click to enlarge - SBI Mutual Fund Online SIP |
10. In the Next page,
Unique Registration Number (SBDIRECT-xxxxx) will be generated. Login to your Bank account and add this as a Biller to register for SIP deductions.
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| Click to enlarge - SBI Mutual Fund Online SIP |
Congratulations on your successful Online Direct SIP registration of SBI Small Cap fund :-)
Note:
If you have any issues in adding this SIP in your Bank as Biller then
let us know. Incase you are trying to deduct SIP amount from
Kotak Mahindra Bank, Axis Bank or
HDFC Bank, then you can follow below articles on how to register for Mutual Fund SIP deductions from Internet Banking.
Images Courtesy: SBI Mutual Fund
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Sincerely,
Finance guru Speaks