00:00I know the question is that SIP can only be made in mutual funds or in other places where there is a SIP?
00:10And SIP should be required to do which documents?
00:15This is a very good question, Pravati Ji. Actually, SIP is a method.
00:22We have a lot of discipline and if we have a process driven,
00:29which means that we don't do a human intervention,
00:33or we don't leave it alone or leave it alone,
00:36which means that we do a lot of process.
00:41And SIP is the same,
00:44which we say in autopilot mode,
00:47which means that we have a lot of money.
00:50So this is SIP.
00:52And although SIP is the most popular,
00:56which is in mutual funds,
00:58but you can use the method of SIP in your life.
01:04It's not necessary that you can only use this in mutual funds.
01:08When you do direct invest in the stock market,
01:11you can also do SIP.
01:13You can also do SIP in real estate.
01:15You can also do SIP in gold.
01:18And here,
01:19if you have to do any discipline,
01:22if you have to reduce your weight,
01:24or health reasons,
01:26then you can also do something every month,
01:29and then you can also create wellness.
01:33So SIP is very popular in mutual funds,
01:37but you can also use it in many instruments.
01:41The second question was,
01:43what documents are in it?
01:45First of all,
01:47you have to do KYC here,
01:50where your identity proof,
01:53your photo,
01:55your address proof,
01:56your passport,
01:58your passport,
02:00driving license,
02:02electricity bill,
02:03any valid address proof,
02:05and you have to register your bank here,
02:09so that you want to give direct auto facilities,
02:14that will be done.
02:15So if you have such a lot of things,
02:17which all have,
02:18pen cards,
02:19etc.
02:20that you have,
02:21then you can start a very easy way,
02:23on-line or off-line,
02:25you can start your SIP.
02:27Once you have a KYC,
02:29then this is a lifetime document.
02:31In any mutual fund scheme,
02:33you will always come to this KYC,
02:35so you have to do this.
02:37And as you have a KYC,
02:39and as you have a KYC,
02:42you have to keep your asset allocation,
02:45and what you need to do in the next period,
02:48what to do in time,
02:49what to do in your risk appetite,
02:50what to do in all those things,
02:52and what to do in the next period,
02:54you can start your FOLIOs in any mutual fund.
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