SIP in Gold is a periodic investment in Gold virtually; dedicating a fixed amount to Gold at specific intervals will help you save on the cost of owning Gold by cutting down on the cost of ownership in the long run. It is the safest, smartest, and easiest way to accumulate 24K 999 Pure Gold monthly through SIPs, wherein one does not even have to keep track of volatility.
Investing in Digital Gold is quite simple and quick, but there are a few formalities to opening a Gold SIP account through which you can transact.
With the introduction of digital platforms, it’s been easier to register for a SIP in gold Account Online. It is a convenient way of investing by filling out an application form. Address proof, PAN Card, and other documents are required to be KYC compliant. All these formalities can also be done in the comfort of your own home.
Following are the steps to open a Gold SIP Account.
Step 1: Collection of all important documentation.
PAN card, address evidence in the form of a driving license, bank statement, a jpeg or PNG picture of a passport-size photograph, and a cheque for bank information.
Step 2: Comply with KYC requirements.
Once the documents are collected, the investor may complete the KYC process using any AMC or RTA website that offers e-KYC.
One needs to give basic information, such as name, date of birth, mobile number, and address, and upload a copy of address proof, PAN, identification proof, and passport-size picture image online to complete the e-KYC.
Step 3: Register / SIGN UP.
Once the investor completes e-KYC through the website of the fund house (AMC) in which he wishes to spend, he might also tap on the ‘Registration’ or ‘New Registration’ tab provided on the fund house website, where the investor must provide PAN number, personal details, nominee details, banking information, and answer a few FATCA questions. Following this, a User ID and password are established for online transactions.
Step 4: Determine the investment amount, scheme strategy, and options.
Scheme and Plans are chosen according to the customer’s willingness. This is the most important, wherein the investor has to put in the SIP amount, which starts at a basic of ₹ 100. A SIP calculator is also available to assist investors in determining the returns and amount to invest depending on their financial goals and how much to invest daily, quarterly, weekly, or monthly.
Step 5: Determine the Payment Mode and Date
Once the amount is fixed, the next step is to decide the payment mode and the date of installments to be paid. The date needs to be chosen sensible, as the amount will be dedicated on the same day or every month. In payment, numerous methods are available, such as the money being auto-deducted from the investor’s account via One-time Mandate (OTM), Net banking, or NEFT/ RTGS payment.
Step 6: Complete Transaction
When an investor completes all required information online, it is submitted to the AMC. The AMC acknowledges the receipt by email and SMS once the registration has been approved.
Why is it advised to register a Gold SIP account with E-swarna?
Here at E-Swarna, we make completing your SIP registration quick and easy by following a simple procedure. For registration, there is a quick KYC complaint, then the steps for opening an account follow:
Just a few steps
- Enter the amount you wish to invest monthly (minimum ₹ 100)
- Enter the Period, for how many months you wish to invest
- Enter the Amount you wish to Start your SIP
- Enter the Bank Name
- Select the Account Type
- Select the Payment Channel
- And then submit
Benefits of Opening a SIP Account with E-Swarna
Investing in gold, is considered valuable, since the beginning of time and now the prices is consistent trend. Investing in cutting-edge digital decentralised platforms that provide the ease and flexibility to allow you trade in gold utilising Eswarna’s Gold SIP investment.
- Security
There is no need to be concerned about physical gold theft. Your gold purchases are securely kept.
- Liquidity
You may buy or sell gold obtained through SIP at any time, making it ideal for emergencies.
- Quality assurance
There is no absolute guarantee of the quality of the gold purchased here. We always guarantee that the amount invested is 99.5 percent genuine gold.
- Capital Gains Over Time
On a physical gold SIP, you must pay Long Term Capital Gains. SIP would be an great option for investment for about 1 year or more.
- Diversify your investment portfolio.
As previously said, gold adds stability and guarantees returns to a portfolio. Use it to hedge your portfolio’s shares, derivatives, and mutual funds.
Eswarna provides the greatest gold saving programme for the modern age. A proper gold savings strategy may guarantee you increased returns and earnings.
Key Features of Eswarna SIP in Gold
- Leading market pricing in the industry.
- It is safe, secure, and convenient.
- Invest whatever amount you want.
- BIS hallmarked 999 gold certified
- On your behalf, secure storage
- Obtain physical delivery based on your requirements.
