What is an AMC SIP and how to place them on Coin web?
An AMC SIP is set up directly with the Asset Management Company (AMC) using Coin as the interface. To place an AMC SIP, follow these steps:
- Search for the fund and click on SIP.
- Click on the check box for AMC SIP.
- Enter the Instalment Amount.
- Enter the Frequency and Date.
- Click on Create SIP and Confirm.
When an AMC SIP is created, BSE sends an e-mail to the registered email ID, mentioning the successful registration and the SIP registration number.
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 delete mutual fund SIPs?
To know how the AMC SIP is registered after creation, see What happens once an AMC SIP is created on Coin?