Start your first SIP with Axis Mutual Fund
Hope you have gone through my blog on is it the right time to invest in a mutual fund.. and then you are landing on this page..!
if not, you can visit the above link
or
if you have decided to begin with this mutual fund then...without further delay.
if not, you can visit the above link
or
if you have decided to begin with this mutual fund then...without further delay.
Let's start with the step by step guide to open your first mutual fund with Axis...
Step 1: Go to the Axis mutual fund official website:
https://www.axismf.com/ below screen should appear
 |
Best Axis Mutual fund 2020 |
click on New Investor on the right-hand side top corner.
 |
| mutual funds vs stock market |
Step 2: Enter your full name, your mobile number & Email to link and enter PAN, Date of Birth and click the checkbox to accept Terms and conditions and then Next
Tips: Enter a mobile number to receive OTP, also enter that mobile number which you want to give for your online KYC
If your online KYC was not present in the database, you can expect some OTP's to verify your mobile number/email.
As a part of this Mutual fund account opening, your KRA KYC will be carried out in parallel after successfully completing this process.
As a part of this Mutual fund account opening, your KRA KYC will be carried out in parallel after successfully completing this process.
Enter the OTP received on your mobile number and click the Confirm button.
Step 3: Enter your country of Birth and
answer for a question 'are you politically exposed person?' {select NO if you are not into any political parties} and select your occupation, annual Income slab and then click the checkboxes after reading the Terms & Conditions on it and select if you are a tax resident of any other country. {if you lived greater than 182 days outside India in some country }
and then click on Next Step.
Step 4: If you wish to give nominee detail now only then add nominees else
select I don't intend to avail nomination facility and then click on Proceed
 |
| mutual fund nominee |
The below screen should appear for filing bank account details.
Step 5: Enter your bank details :
IFSC code (Upon entering Proper IFSC code, rest details like bank name should appear), Account Number, Account type
Leave/don't fill DEMAT details for now as they are optional and we will be investing directly.
Click on Proceed
Select SIP from the above 4 options (click on the small circle on the top right) or lump sum if you want to invest a huge one-time amount. Click Proceed.
Step 5: Under Investing directly options:
Start filling the investment details like
Start filling the investment details like
Scheme Category: which type of mutual fund you want,
Scheme Name: which scheme you like/ decided after your research,
or if you want just type your mutual fund's name in which you want to invest and select from drop-down & it will appear under one of the categories as in the below screenshot.
Click Next and select Growth or dividend Option { I will prefer growth option instead of dividend}
Step 6: Click on Next below screen shall appear
fill in details like
SIP frequency,
SIP date which you like, SIP stating from and up to what...
and an Installment Amount ( select OTHER and give the amount as small as 500)
No. of installments: perpetual (till you cancel)
Tips: Deselect the option 'Please debit the 1st installment immediately'.
Keep this as selected only if you want to pay 1st installment now.
You can keep SIP Period To Perpetual, which means till cancellation /infinity.
Step 7: A summary page displaying all the details filled for SIP will appear, you can have a glance once again at details filled by you, and proceed.
Accept the terms and conditions and click on Generate URN Number.
Step 9: Your SIP registration is Complete
Below Page, cum acknowledgment will be generated with some of the details and a guide to one more next step for setting up the SIP mandate
Below Page, cum acknowledgment will be generated with some of the details and a guide to one more next step for setting up the SIP mandate
So, your SIP Request is all set up but you need to register a biller in your bank's internet banking to make the SIP payment automatic.
As in the above case, one URN is given to me for adding it as a biller.
you will also receive this URN number on your registered mobile number.
Tips: Setting up this URN mandate, you are allowing Axis mutual fund to deduct money from your bank on your SIP day
Step 10: Let me give you a demo using HDFC bank's internet banking.
You should log in to your bank accounts internet banking you just filled in the details in the above steps.
This option is slightly different for different banks. Depending upon the Bank, you need to find the option which can be one of the following :
Biller / Add billers/ Pay Bills / Manage Billers
Click on Mutual Funds & find Axis Mutual fund
Select and Click on Add
 |
| Hdfc mutual fund biller |
Step 12: Fill in the details like
Received URN, Nick Name of your choice, Autopay Amount
and select Autopay as "Yes"
and payment method as a Bank account.
Add Biller and Confirm
you will get a confirmation as Biller as added like follows
Coool...
Your SIP Mandate is now all good to go...
Your Autopay Instruction will be deducted on your first SIP day...
Tips: you can expect some emails from CVL KRA or messages from AXIS mutual fund
Have you checked out FinAjinkya's first video on Youtube?
Have you checked my blog on
Stay tuned for the upcoming blogs on
"Start your first SIP with SBI Mutual Fund.."
"Start your first SIP with HDFC Mutual Fund.."
Special thanks to Miss. Vrushali Kokitkar for helping in this blog post preparation.
Follow my blog posts & Subscribe to receive important updates
Subscribe on YouTube: https://www.youtube.com/FinAjinkya
Follow us on Twitter: https://twitter.com/finajinkya
Like our Facebook Page: https://www.facebook.com/FinAjinkya
Follow us on Instagram: https://www.instagram.com/finajinkya/
Join our Telegram channel: https://t.me/finajinkya
Comments
Post a Comment
Please let me know if you have any doubts