Today everyone from village to city is using the UPI app for transactions. Today you can complete many tasks related to money with UPI. You can also invest through this. Through this article, we will learn how to invest in mutual fund SIP through UPI.

How to invest in SIP with UPI?

Below we have explained the process of investing in mutual fund SIP with the most used apps like Paytm (Paytm SIP), and Phone Pe (Phone Pe SIP).

How to invest in SIP with Phone Pe?

Step-by-step process

Step 1- First of all, if you do not have the app, then you can download Phone Pay through the Play Store.

Step 2- Now log in to Phone-Pe through your number and bank account details. After that open the app.

Step 3- Now as soon as you scroll down, the option of mutual fund will come in front of you. Click on it.

Step 4- Now many types of options will come in front of you. In these, you will be given options like Best SIP Fund, and High Growth Fund. Choose any one fund at your convenience.

Step 5- To invest in mutual funds through SIP, choose the option of Monthly SIP.

Step 6- After this, choose the date when you want to deduct the money. Similarly, enter the desired amount.

Step 7- You will be asked for nominee information and any one government document. These government documents include an Aadhaar, PAN card, and driving license. Choose one of these and enter the number.

Step 8- After this, click on the option Save & Next. After this, OTP will come on the mobile number linked to the Aadhaar, and enter it.

Step 9- Now finally you have to enter the UPI number and make payment.

How to start SIP with Paytm?

For this also you have to first download the Paytm app from the Play Store.

Step 1- First of all login and open the app. Here you will see the option of Mutual Fund at the bottom.

Step 2- As soon as you click on it, it will ask you for permission to log in to Paytm Money. As soon as you give permission, you will get an OTP. After entering the OTP, you will also have to enter your email ID.

Step 3- After this, you will have to enter the PAN card number, for this click on Fatch Pan Details.

Step 4- Now enter the PAN number on the Enter Pan Number option. After this click on Confirm Pan Number.

Step 5- After this, you will have to enter the Date of Birth, now your details will be shown on the screen, confirm it.

Step 6- Now you will be asked for investment experience, choose the option as per your convenience. After this choose annual income.

Step 7- Now you will be asked for a Face Scan and Digital Signature. Keep the phone away while taking the photo and when the circle turns green, click on the camera logo given below.

Step 8- After this, choose different types of investment options like mutual funds, futures trading etc. as per your convenience. Step 9- Now enter the nominee details. Finally enter the Aadhaar number and OTP and e-sign.

Disclaimer: This content has been sourced and edited from Dainik Jagran. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.