How do I start an SIP on the Coin app?
Once you have searched and decided on the mutual fund to invest in, Open up the fund page, and click on the 'round blue + button' to open the Buy order window.
The buy order window will display your fund balance and you also get the option to add money to your account. Click here to know how to add money to your account.
Once you have sufficient balance, enter the Initial Investment Amount. The initial investment amount varies for each fund. Next, select the Frequency of your SIP. It can be Weekly, 15 Days, Monthly or Quarterly. (the order placed for the next instalments will be based on the frequency you select). You can also enter the total number of instalments or you can select the until cancelled option.
Note - All orders are sent to the exchange at 1:30 PM on trading days. If you have placed an order after the 1:30 PM cut off time, your order will be sent to the exchange for execution the next working day. If you have placed an order before the cut off time, the units will be allotted to you on that day’s NAV.