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What is initial investment in SIP Zerodha

 

What is initial investment in SIP Zerodha

What is initial investment in SIP Zerodha

Systematic Investment Plan (SIP) is an investment strategy that allows individuals to invest a fixed amount of money at regular intervals in mutual funds. SIPs are an excellent investment option for people who wish to invest in mutual funds but need more than a lump sum to invest in one go. SIPs provide the advantage of investing small amounts regularly and offer the benefit of rupee-cost averaging. In this article, we will discuss the initial investment in SIPs offered by Zerodha.

Zerodha is a leading online brokerage firm in India that offers a wide range of investment options, including mutual funds, to its customers. Zerodha offers a hassle-free and paperless investment process through its online platform, making it a popular choice among investors. Zerodha allows investors to invest in SIPs for as little as Rs. 500 per month.

The initial investment in SIP on Zerodha depends on the minimum investment amount set by the mutual fund scheme. Each mutual fund scheme has its minimum investment amount, which can vary from a few hundred to a few thousand rupees. 

Investors can choose to invest in SIPs on Zerodha either through a lump sum investment or through a systematic investment plan (SIP). When investing through a lump sum, investors need to invest a minimum amount as specified by the mutual fund scheme. On the other hand, when investing through a SIP, investors need to invest a fixed amount of money at regular intervals, which can be daily, weekly, monthly, or quarterly.

The amount of the initial investment in SIP on Zerodha also depends on the frequency of the SIP. For example, if an investor chooses to invest Rs. 5,000 per month through a SIP, the initial investment for a monthly SIP will be Rs. 5,000. However, if the investor chooses to invest Rs. 5,000 per quarter, the initial investment for a quarterly SIP will be Rs. 15,000.

Conclusion

The initial investment in SIP on Zerodha depends on the minimum investment amount set by the mutual fund scheme and the frequency of the SIP chosen by the investor. Zerodha's platform allows investors to invest in SIPs with as little as Rs. 100 per month, making it an accessible investment option for individuals with a small amount of money to invest. However, investors should ensure that they have sufficient funds in their trading account before investing in mutual funds through Zerodha.

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