How to setup a SIP in Flattrade Novo platform?

Setting up a SIP (Systematic Investment Plan) in the Novo platform is simple and convenient.

Before you begin:
Ensure you have an active mandate for your registered bank account. If not, please refer to [this article] to know how to create a mandate.

Steps to set up a SIP:

1. Visit the Novo platform or app: https://novo.flattrade.in/

2. Select the Mutual Fund you want to invest in. (Use the Smart Filter option to filter by minimum SIP amount.)

3. Click Buy Now. On the order screen, choose whether you want to invest via SIP or Lumpsum.

4. Select an existing mandate or create a new one directly from the order screen.

5. Enter the SIP amount you wish to invest.

6. Select the SIP start date. By default, it is set to today’s date, but you can change it (e.g., 1st of every month).

7. Set the SIP end date. By default, it is “Until Cancel,” but you can modify it as per your goal or preference.

8. If you wish, enable Make Your Initial Payment Today to pay the first installment immediately. Future payments will be auto-debited as per your SIP schedule.

9. Review the details, click Buy, and confirm your SIP order.

10. You can view and manage all your SIPs under the Your Plans tab.