Choose your financial goal
Decide your investment horizon
Assess your risk tolerance
Select the mutual fund category
Compare fund performance and consistency
Check fund expense ratio and exit load
Choose direct plan or regular plan
Complete KYC if required
Open an investment account with a fund house, broker, or app
Set the SIP amount
Select the SIP date
Link your bank account
Set up auto-debit or standing instruction
Review and confirm the SIP mandate
Start the SIP
Monitor the fund periodically
Increase the SIP amount when income rises
Stay invested for the long term
Rebalance your portfolio if needed
Redeem units when your goal is reached