Published Article Details

What is DigiSip?

Posted by: Labdhi Mehta on Jul 09, 2018, 06.30 AM IST

1. It is an initiative by CAMS to help investors set up SIPs in mutual fund schemes in 7 business days. 

2. DigiSip is a paperless process using prefilled forms (for existing investors) in combination with electronic payment options such as existing mandate or new mandate via e-Mandate or Net banking. 

3. One can initiate SIPs across schemes from mutual fund houses serviced by CAMS using a single mandate. 

4. It is designed for both the existing and new investors with no limit on the number of SIPs. 

5. With DigiSip, an investor can set up a SIP as and when they want to as there is no restriction on the date. 

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