Follow the below-mentioned steps to set-up SIP on Sqrrl:
Log in to the app or website and select invest in equity (SIP).
You can give a name to your investment to add up to the investment sentiment.
You can select the monthly SIP amount displayed (minimum Rs. 500/ month) or set a custom amount (in multiples of Rs. 100).
You can choose the tenure of investment from the given options of 1year, 2 years, 3 years or until stopped (any duration of investment).
Sqrrl will show you projected Savings for 3, 5 and 10 years and an option to proceed further.
Sqrrl then gives you 3 portfolios to choose from, based on your appetite to handle risk and your desire of the returns:
~ Conservative – Lower Risk and Lower Returns
~ Practical – Medium Risk and Medium Returns
~ Adventurous – Higher Risk and Higher Returns
You can select the portfolio of your choice, make the payment and your SIP investment will be processed.