A Systematic Investment Plan (SIP) is a way to invest a fixed amount in a mutual fund at regular intervals, usually monthly. SIPs help investors invest in a disciplined manner over time and reduce the impact of short-term market movements.
On FYERS, SIPs are executed through BSE and are linked to an auto-debit mandate approved via your UPI app. Once created, you can track upcoming instalments, completed investments, and SIP status directly from your FYERS account.
Steps to Create an SIP
On FYERS App
Log in to the FYERS App.
Go to the menu and tap Mutual Funds under Invest.
Search for and open the mutual fund you want to invest in.
Tap SIP.
Enter the SIP amount and select the monthly SIP date.
Choose the registered bank account.
Review the SIP details and confirm.
Approve the UPI mandate from your UPI app to complete SIP creation.
Note: The first SIP instalment is debited 30 days after order placement, as per BSE regulations.
On FYERS Web
Log in to FYERS Web.
Go to Invest and select Mutual Funds.
Search for and open the mutual fund you want to invest in.
Click SIP.
Enter the SIP amount and select the monthly SIP date.
Select the registered bank account.
Review the SIP details and submit the request.
Approve the UPI mandate from your UPI app to complete SIP creation.
Note: The first SIP instalment is debited 30 days after order placement, as per BSE regulations.
Note: You can create multiple Systematic Investment Plans (SIPs) in the same mutual fund scheme.
Steps to Track an SIP
On FYERS App
Log in to the FYERS App.
Tap Orders from the bottom navigation bar.
Select Mutual Funds.
Tap Manage SIP.
View the SIP status, next instalment date, and completed instalments.
Tap an SIP to see the instalment history, NAV, units, and mandate details.
On FYERS Web
Log in to FYERS Web.
Go to Orders.
Select Mutual Funds.
Click Manage SIP.
View the SIP status, next instalment date, and completed instalments.
Click an SIP to see the instalment history, NAV, units, and mandate details.
SIPs on FYERS are executed as per BSE timelines, require UPI mandate approval, and can be tracked or managed from Orders → Mutual Funds → Manage SIP.
What If...
Scenario
Outcome
My SIP amount is not debited on the scheduled date
The debit is processed on the next applicable working day as per BSE rules.
I did not approve the UPI mandate
The SIP is not created until the UPI mandate is approved from your UPI app.
The SIP is created but units are not allotted yet
Units are allotted after successful debit as per the fund’s settlement cycle.
I want to change or stop my SIP after creating it
You can manage or cancel the SIP from Orders → Mutual Funds → Manage SIP.
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