SIP is like a Good EMI.
A lot of action is happening on the SIP front as the industry.  A simple approach to help you achieve your financial goals through SIP
A Systematic Investment Plan (SIP) is an option where you invest a fixed amount in a mutual fund at regular intervals. It could be monthly or quarterly.

How does systematic investing work?
Once you identify the funds you want to invest in and the amount required to achieve your financial goals, all you have to do is give monthly or quarterly post-dated cheques / SIP Instructions  for the amount you want to invest. AMC  allot you fund units based on the NAV on the date of each transaction, which you will see posted to your fund account.
Most investors want to buy stocks when the prices are low and sell them when prices are high. But timing the market is time consuming and risky. A more successful investment strategy is to adopt the method called Rupee Cost Averaging. Systematic investing can help put the power of compounding on your side. Here we will describe how you can pursue this strategy by setting up a Systematic Investment Plan.

How to start a Systematic Investment Plan
Simply give post-dated cheques or opt for an Auto Debit from your bank account for an amount of your choice (minimum of Rs. 500 and in multiples of Rs. 100 thereof*). You can invest for a minimum of six months, or for as long as you want. Because it is systematic, a SIP helps you plan for your long-term goals along with the short-term ones. The investment dates for SIPs  reflects on the SIP form.
All you have to do after that is sit back and watch your investments accumulate.
*Minimum amounts may differ for each Scheme.

Freedom SIP
Freedom SIP is the next level of the good EMI, which I would call the SIP 2.0 version wherein we are offering investors the flexibility to tailor the good EMI to suit their needs and meet their goals. It also falls under our ‘First Serve’ bouquet of initiatives launched to help our distributor community provide enhanced services to their investors.
Can you elaborate on the features available under Freedom SIP and how it helps to customize the good EMI?
The key features launched under freedom SIP as below. These features are available both offline and online as well as through multiple channels and across payment options like debit card, NEFT/ RTGS, NACH, e-mandate, bill pay, etc. The e-mandate for instance is one of the newer features, which allows access to all these flexibilities with no paper work.

Perpetual SIP
Since SIPs are aimed at helping investors meet their goals, it is important that they continue their SIPs till their goals are achieved in an uninterrupted manner. Perpetual SIPs allow investors to do this without the operational hassles of SIP renewals.

Step up SIP
Investments typically rise with incomes. Step-up SIP can help  investors to plan this incremental investment in advance through a single instruction.

Flexi-SIP
Through this facility, one can change a SIP amount for a particular month or quarter.

Pause SIP
This helps to pause a SIP investment in times of any personal exigency.
SIP amount change
Here one can increase or decrease their SIP amount with a single instruction across the SIP tenure.

Any date SIP
Now you can start your SIP on any date of a month as compared to the 5 fixed dates available earlier. There are no restrictions.

How does Freedom SIP Benefit ?
The flexibilities will help investors continue with their SIPs under various circumstances. Features like Perpetual and Step-up SIP will help to improve SIP throughput year-on-year and add to the distributor’s annuity while Pause, Flexi-SIP, Amount change feature will ensure continuity of SIPs.
Let us take an example. For instance, through Freedom SIP, you can technically combine a lumpsum with an SIP. Say you  receives an ex-gratia amount which you want to deploy in equity funds in a staggered manner. Through Freedom SIP, you can increase the SIP amount for the relevant period and then restore the original SIP amount once the ex-gratia amount is deployed. In the earlier avatar, you did not have this flexibility.