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Attention - SBI Small and Midcap Fund is Back - How To Start Online SIP?



Finance Guru Speaks:  Good news for Investors who were eagerly waiting to invest their money in SBI Small & Midcap Fund. For the unaware, this fund is considered to be the best fund in Small Cap Mutual fund category and investment in this fund was temporarily suspended in October 2015.
SBI Mutual Fund House has again allowed investment through SIP & STP manner in this fund. Due to SEBI guidelines, this fund is now renamed as SBI Small Cap Fund.

This article will guide you on how you can start Online SIP in SBI Small Cap Fund. Same steps can be used to start online SIP in any other SBI Mutual Fund.

Note: Fresh Registration through Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) in SBI Small Cap Fund, individually or cumulatively, shall be allowed for a maximum of upto Rs. 25,000/- per PAN for monthly and quarterly frequency. The AMC reserves the right to reject the application and refund the amount without any notice to the investor, if the application made under the scheme is not in line with the applicable provisions of the scheme related documents.

If you are an existing SBI Mutual Funds investor, then first of all get registered to its SBI MF website.

Please click this link and follow the instructions as New User to get your Folio No. registered with the SBI MF website.

After successful registration, you will get your Username and Password to access SBI MF Online.

Steps to follow to invest online SIP in SBI Small Cap Fund :-


1. Open SBI Mutual Fund - Investor Login website.

2. Provide your Username and Password and click on LOGIN button.
SBI Mutual Fund Login
SBI Mutual Fund Login
3. In the Home page, click New Investment as shown below :-
SBI Mutual Fund Online SIP
SBI Mutual Fund Online SIP

4. In the Next Screen, select your Folio No. and Broker as Direct, as shown below :-
SBI Mutual Fund Online SIP
Click to enlarge - SBI Mutual Fund Online SIP

5. Select your SBI Small Cap Fund :-
SBI Mutual Fund Online SIP
Click to enlarge - SBI Mutual Fund Online SIP

6. Read the notice:-
SBI Mutual Fund Online SIP
SBI Mutual Fund Online SIP
7. Select SIP Frequency :-
SBI Mutual Fund Online SIP
Click to enlarge - SBI Mutual Fund Online SIP
8. Provide SIP Amount, SIP Period and Bank details as shown below and click on SUBMIT button:-


SBI Mutual Fund Online SIP
Click to enlarge - SBI Mutual Fund Online SIP
SBI Mutual Fund Online SIP
Click to enlarge - SBI Mutual Fund Online SIP
9. In the Next page, check your SIP Summary and click on CONFIRM button:-
SBI Mutual Fund Online SIP
Click to enlarge - SBI Mutual Fund Online SIP
10. In the Next page, Unique Registration Number (SBDIRECT-xxxxx) will be generated. Login to your Bank account and add this as a Biller to register for SIP deductions.
SBI Mutual Fund Online SIP
Click to enlarge - SBI Mutual Fund Online SIP

Congratulations on your successful Online Direct SIP registration of SBI Small Cap fund :-)


Note: If you have any issues in adding this SIP in your Bank as Biller then let us know. Incase you are trying to deduct SIP amount from Kotak Mahindra Bank or HDFC Bank, then you can follow below articles on how to register for Mutual Fund SIP deductions from Internet Banking.




Images Courtesy: SBI Mutual Fund


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