How many mandates are to be created for multiple SIPs?

How many mandates are to be created for multiple SIPs?

You can opt for the Systematic Investment Plans (SIPs) in different mutual funds using one mandate provided the SIP amounts are lower than the specified limit mentioned in the mandate. In Fyers, the limit mentioned in the mandate is 1,00,000.


    • Related Articles

    • How to invest in SIPs or a lump sum?

      Investing in any direct mutual fund scheme through Fyers Direct is extremely simple. If you have a Trading and Demat account with Fyers, make sure the BSE-MF segment is active.
    • What is the Bank Mandate?

      Bank mandate is a one-time registration process that will allow you to invest with a mutual fund in a simple, convenient and paperless manner. Simply put, it is an authorization to your bank account to debit money up to a certain limit in a day to a ...
    • If I’m placing multiple orders in the same scheme will buy NAV will average or how it works?

      Whenever you place an order in the Mutual Fund segment in FYERS, the Buy NAV will be the closing price as on the day of purchase. In the future, if you once again buy the same scheme on a different date. The Buy average of the 2nd buy will be ...
    • How to check the status of the bank mandate?

      On requesting a Bank mandate, you can check the activation status in the Bank mandate section itself. There are three sections that state the status of your mandate. They are as follows: Pending Mandates: Whenever a new mandate is requested, the ...
    • What are horizontal spreads/Calendar spreads in options?

      Horizontal Spreads or Calendar Spreads are created when the investor uses options of the same underlying security and the same strike prices but with different expiry series.