How to create Bank mandate at Fyers and how to create SIP for Mutual funds?

Hi Pravin Rajput, Here’s how you can set up a bank mandate and start an SIP for your mutual fund investments:

Setting Up a Bank Mandate

1. Log in and head over to the Profile section.

2. Click on Bank Mandates to manage your mandate setup.

3. You’ll see your linked bank accounts listed.

4. Hit Generate Mandate and follow the steps to complete it.

For SIPs, you might need an E-Mandate (online, takes around 10 days to activate) or a Physical Mandate (NACH Form) (download, sign, and upload). The max daily limit is ₹1,00,000, so you can have multiple SIPs under one mandate.

Starting an SIP

1. Go to the Mutual Funds section.

2. Pick the mutual fund you want to invest in.

3. Choose the SIP option.

4. Enter the SIP amount, frequency, and start date.

5. Confirm and authorize it using your bank mandate.

Once done, your investments will run on autopilot.