8/11/2023 0 Comments Mutual funds sip meaning![]() With most platforms offering the process online, one can do away with filling multiple forms or manual bank payment clearances. Those who want to invest in mutual funds through SIP must make the most of OTM, since it comes with a lot of convenience. The OTM mechanism in SIP is one of the safest and most reliable alternatives for investing in mutual funds online. Enter the amount you want to invest through SIP.Tap on the ‘Fund’ and go for ‘Fund Details’ page.To automate SIP on the Fisdom app, you can follow the below-mentioned steps: The amount that is mentioned here can be more than the investor’s SIP contribution or a lump sum investment. Upper limit: Under this, an investor must specify an upper limit that can be transferred using this payment option. ![]() An investor can also opt for setting the payment frequency, which can be monthly, quarterly, half-yearly, or as presented. The fixed option can be used for SIP investments, whereas the maximum amount is ideal for lump-sum investments.
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