SIP or Systematic Investment plan is an investment mode in Mutual Funds where investments happen in small amounts at regular intervals in the Mutual Fund schemes. In case of SIP, it is important to understand that the money is deducted at regular intervals and therefore you can add biller in your respective bank accounts to ensure that the process of SIP is hassle-free. For adding this biller, all you need is Unique Registration Number or URN which you must have received in your emails from Aditya Birla Sun Life Mutual Fund or by logging into our website mutualfund.adityabirlacapital.com.
The process of adding billers for SIP transactions is different for each bank. The process of adding a biller for different banks are explained below as follows.