What is DigiSip?

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.

(The content on this page is courtesy Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.)