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Existing KYC compliant Investors of Mutual Fund can continue to transact as per the current practice. However, existing investors are urged to comply with new KYC requirements including IPA as mandated
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To fill out a principal systematic investment plan, follow these steps:
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Start by selecting a principal systematic investment plan provider.
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Gather the necessary documents such as your identification proof, address proof, and bank account details.
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Visit the website or branch of the selected provider to open an account.
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Fill out the application form with accurate personal and financial information.
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Provide details about the investment amount, frequency of investments, and tenure.
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Specify the investment instruments or funds you want to invest in.
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Review the terms and conditions of the plan carefully before proceeding.
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Submit the completed application form along with the required documents and initial investment amount.
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Wait for the plan to be processed and activated.
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Once active, set up automatic debits from your bank account as per the chosen investment frequency.
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Monitor the performance of your investments periodically and make adjustments if necessary.

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- Are ready to stay invested for a considerable period of time.
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A principal systematic investment plan is a disciplined approach to investing where an individual invests a fixed amount regularly in a particular mutual fund scheme.
Individuals who wish to invest in mutual funds through a systematic investment plan (SIP) need to file principal systematic investment plan.
You can fill out principal systematic investment plan by providing your personal details, investment preferences, bank account information, and selecting the mutual fund scheme you want to invest in.
The purpose of principal systematic investment plan is to help individuals achieve their financial goals by investing regularly in mutual funds.
Information such as personal details, investment amount, frequency of investments, choice of mutual fund scheme, and bank account information must be reported on principal systematic investment plan.
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