How do I apply for SIP through My Mudra?

Create your investment account, verify your mobile number and PAN, complete the KYC formalities, choose a mutual fund, set up your bank mandate and confirm your application. Once the required checks are completed, your SIP will be activated.

What documents are required to start a SIP?

You'll generally need a PAN card, Aadhaar card, an active bank account, a registered mobile number and email address. Depending on your KYC status, additional verification documents may also be requested.

Is KYC mandatory for SIP investment?

Yes. KYC is a regulatory requirement before investing in mutual funds. If you've already completed KYC for another investment platform, your existing KYC status may be used, subject to verification.

Can I start a SIP completely online?

Yes. In most cases, you can complete registration, KYC verification, mutual fund selection, bank mandate setup and SIP activation through the online application process.

What is the minimum SIP amount on My Mudra?

It depends on the fund, but many options of the My Mudra SIP lets you start SIP online from as little as Rs. 100 or Rs. 500 per month. This makes it accessible even if you are starting with a small amount.

How long does SIP registration take?

Registration and KYC clear within a few hours for most users. An e-mandate set up via net banking activates almost immediately. Your SIP begins auto-debiting once the mandate is active.

Can I modify or stop my SIP later?

Yes. Most mutual fund SIPs can be modified, paused or discontinued, subject to the fund house's terms and conditions. You can review the available options from your investment dashboard.

Which mutual funds are available through My Mudra?

My Mudra offers access to a range of mutual fund categories, including thematic & sectoral funds, equity funds, debt funds, ELSS mutual funds, index funds, and other schemes. You can easily compare the available funds and start investing right away.

Is there any charge for starting a SIP through My Mudra?

The platform itself does not generally charge investors for starting a SIP. However, the mutual fund you select may have applicable expense ratios or other charges as specified in its Scheme Information Document (SID).

How can I track my SIP investments?

Once your SIP is active, you can log in to your My Mudra account to view your portfolio, monitor investment performance, track instalments and download investment statements whenever required.

Become Our Partner Credit Score +91-7291919151

+91-7291919151

Apply Now

How to Apply for SIP from My Mudra: A Complete Beginner's Guide

Learn how to apply for SIP from My Mudra with this beginner-friendly guide. Complete KYC, compare mutual funds, set up auto-debit, and start investing online in just a few simple steps.

Rajat Kulshrestha

Head of Mutual Fund Distribution

Published Date:Jul 24, 2026

Frequently Asked Questions

Rajat Kulshrestha

Head of Mutual Fund Distribution

Rajat Kulshrestha brings over seven years of experience in public markets, specialising in fundamental analysis and valuation frameworks. In his role as Mutual Fund Distribution Head, he oversees portfolio strategy, asset allocation decisions, and fund evaluation processes. On this blog, he offers structured, research-oriented perspectives on SME-listed companies, aiming to enhance financial literacy and analytical depth among market participants.

Mutual Fund · Jul 24, 2026