Follow the below mentioned steps to set-up SIP on Sqrrl:
- Login 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.