How to Start an SIP Without a Broker

A Systematic Investment Plan (SIP) lets you invest a fixed amount at regular intervals into a mutual fund, and you don’t necessarily need a broker to do it. You can invest directly through the asset management company (AMC), the mutual fund industry portals, or registrar/transfer agents. This keeps costs lower because you choose the Direct plan, skipping any distributor commission.

Step-by-step

1. Complete KYC

Before any mutual-fund investment, you must finish the KYC process (PAN, Aadhaar/ID, bank details and a quick in-person/online verification). Once KYC is approved, you can invest across AMCs without repeating it.

2. Choose Direct Investment Options

➤ Register on the AMC’s own website (HDFC, SBI, ICICI, etc.) and pick the Direct plan.
➤ Use industry portals or RTAs that support direct purchases (MF Utilities / MFU, CAMS/KFin).
➤ Use apps that offer direct plans like 5paisa and explicitly select “Direct Plan.”

3. Select the Fund & SIP Details

Pick the scheme (equity, debt, hybrid), option (growth/dividend), SIP amount, frequency (monthly/quarterly) and start date. Use an SIP calculator to match duration to your goal.

4. Set Up An Auto-Debit Mandate

For automatic transfers most platforms support UPI Autopay, e-NACH, or a One-Time Mandate (OTM) so your bank auto-debits the SIP amount. Register the mandate online while creating the SIP.

5. Monitor & Adjust

Track performance on the AMC portal or your chosen app. You can pause, modify or stop the SIP anytime.

Why Go Direct?

Direct plans have lower expense ratios (no distributor fee), which can materially improve long-term returns. For cost-conscious investors starting small and staying consistent, direct SIPs are a simple, low-cost route to build wealth.

Quick Checklist

➤ KYC done
➤ PAN & bank linked
➤ Choose Direct plan
➤ Set mandate (UPI/e-NACH/OTM)
➤ Note SIP date and amount

Conclusion

Starting an SIP without a broker is a simple and cost-effective way to build long-term wealth. By investing directly with an AMC or through trusted platforms offering direct plans, you gain full control over your investments while saving on distributor commissions. The process—from completing KYC to setting up auto-debit—is largely paperless and takes only a few minutes online. Whether you are a first-time investor or someone looking to optimise returns, direct SIPs offer transparency, flexibility, and higher efficiency. With discipline and regular contributions, even small monthly investments can grow substantially over time, helping you achieve your financial goals with ease.