Now Start SIP in Just 7 days with CAMS digiSIP
By Anupama Deshpande | May 11, 2018

SIP has been becoming very popular among equity investors, as it does not require any lump sum amount for investment but it requires a small amount to be invested on a regular interval in a disciplined manner. SIP not only does rupee cost averaging but it also offers you benefit of compounding. Investing through SIP makes you free from any worry about stock market volatility and in this way you do not require to time the market.

In this direction CAMS has already taken a step ahead and has launched CAMS digiSIP which is a complete paperless way of investing in SIP which offers huge reduction in paper work.

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CAMS digiSIP is a digital process to start a new Systematic Investment Plan (SIP) through CAMS website. Presently, when other SIPs take the time of upto 30 days to start, CAMS digiSIP starts in just 7 days. So now SIP investors don't have to wait more for getting their SIPs started after the launch of CAMS digiSIP.

CAMS digiSIP can be availed by both existing and new investors on www.camsonline.com.

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1. It is 100% paperless
2. It requires minimal data inputs for the existing investors
3. New SIP can be started in just 7 business days
4. One can set up multiple SIPs in one go
5. CAMS offers both direct plan and regular plan to investors through digiSIP
6. Faster processing by elimination of spent in case of physical application
7. New investors can complete Aadhaar based e KYC and seamlessly set up SIP

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8. Generally, registration of e-mandate takes 5 to 20 days but via digiSIP, the registration process can be reduced to 3 days only
9. Distributors can get benefit from the digital edge to do away with the large volume of paper forms and process time

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Given below is the step by step process to apply for CAMS digiSIP:

1. Visit www.camsonlin.com
2. Goto Investor Service Section and click on DigiSIP link
3. Enter your PAN
4. An OTP will be sent on your registered mobile
5. Enter OTP
6. Click on verify button
7. You will be shown list of existing Mutual Funds which you would wish to invest as well as list of new Mutual Funds which you want to add
8. You can select Mutual Fund with whom you want to Start SIP
9. Add nominee name and proceed
10. Click on submit button
11. Select whether you want to invest in regular or direct plan
12. Select Mutual Fund Scheme, Payment type, Bank Name, SIP Frequency, Amount, No. of Installments (Tenure), digiSIP Date (SIP start date and SIP end date)
13. Select e-mandate facility.
14. If you have not registered earlier, you can click e-mandate registration and proceed further.
15. Now click on submit button
16. If you want, you can add another SIP by clicking on "Add another SIP"
17. Now follow the above process again
18. Your SIP will be started in 7 business days from the date of applying

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