How to start an SIP on Coin?
To start a SIP (systematic investment plan) in a direct fund :
Once you login to Coin, either on the homepage or the dashboard, you’ll see a search bar, where you can type in the name of an AMC or a fund. On this search bar, you’ll be able to look up only Direct Mutual funds.
Once the fund page opens up - click on ‘Direct SIP’
Once you do the order window will open up.
The initial investment amount varies for each fund. Enter the initial investment you'd like to make. Select the frequency of your SIP, i.e either weekly, 15 Days, Monthly, Quarterly and the instalment amount for the SIP. You can also select the total number of instalments or you can select the until cancelled option. Then click on ‘Start SIP’ and confirm the order.
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.