How to set up AMC SIPs on Coin app?
To set up an AMC SIP, follow these steps:
- Select the fund and tap on SIP.
- Tap on AMC SIP.
- Enter the Instalment amount and select the Date.
- Tap on Create AMC SIP and then on Create.
In an AMC SIP, the minimum investment amount is decided by the AMC. An AMC SIP cannot be modified, paused or stepped up since the AMC SIP is not created internally in Zerodha’s system. AMC SIPs can be deleted or cancelled only 2 days prior to the SIPs next instalment date. To know how to delete or cancel SIPs, see How to modify, pause or delete a SIP on the Coin app?
To know how the AMC SIP is registered after creation, see What happens once an AMC SIP is created on Coin?