Step 1: Log in to the new Upstox app and go to the Mutual Fund section.

Step 2: If you’re on the ‘Upstox - For investors’ tab you’ll see a ‘Mutual Fund’ section on the bottom navigation bar. If you’re on the ‘Upstox - For traders’ tab the ‘Mutual Fund’ section can be found from the ‘Discover’ section.

Step 3: Clicking on 'Explore' will display 'Investment ideas' like Invest Globally, All Weather Investing, Invest In Gold etc. These suggestions can assist you in selecting a Mutual Fund for investment.

Step 4: Select the fund and tap on ‘SIP’.

Step 5: Now enter the SIP amount and click on Continue.

Step 6: Choose a date for your SIP and click on 'Confirm date'.

Step 7: Next, review the details of your SIP purchase and confirm to proceed.

Step 8: Next you’ll need to make an initial payment to start the SIP via Net Banking or UPI 

Step 9: Once payment is done your SIP will be placed successfully. Funds will get deducted from your registered bank account and not from Upstox. 

Step 10: You can see your 1st SIP payment order details as below. Typically, in 3 business days the order will get completed.

Step 11: For your next SIP to go through automatically, you need to click on ‘Set up AutoSIP’ 

  1. Click on ‘Set up AutoSIP’ 
  2. Here, select your preferred verification mode, either NetBanking or Debit Card, agree to the Terms & Conditions, and proceed by clicking Submit.

Depending on the mode chosen by you in the above screenshot, you will be redirected to your respective banking portal to authorize the mandate.

Step 12: Following that, you'll be directed to the Mandate Approval Automation page, where you can review the details of the mandate.

Step 13: Lastly you will see the following message confirming your AutoSIP request. 


KEEP IN MIND

  • The e-Mandate link needs to be approved within 5 days or else it will expire

  • Based on the bank that you want to register your e-Mandate with, it can take around T+7 days for your request to be processed 

  • Once the authentication process is completed by you, your bank will notify BSE and the same will reflect on Upstox

  • Upstox does not charge you anything for registering an e-Mandate. However, with NPCI’s recent circular, your bank might ask you for a one-time fee in order to register the mandate

  • These charges differ from bank to bank and you can check for the latest ones with your bank

  • Once your MF order (One-time/SIP) is placed and here's how you can know about the settlement TAT 

  • See how you can check/download MF statements.



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