ZIPSIP – Mutual Fund Investment Platform – How does this work?
These days, I am seeing advertisement of ZIPSIP on some of the websites. Myuniverse which is part of Aditya Birla Money has introduced ZIPSIP, a unique and simple Mutual Fund Investment platform. There are some unique features of this new MF platform, hence I thought I should cover as part of a review on this blog. What is this new ZIPSIP Mutual fund platform all about. What are the unique features of ZIPSIP? Who can consider this ZIPSIP mutual fund trading platform for investment?
What is this ZIPSIP Mutual Fund Platform?
ZIPSIP is launched by Myuniverse, which claims as no.1 personal finance portal and is part of Aditya Birla Money. ZIPSIP is a platform where with some easy clicks, the system would assess the risk profile of the investor and one can invest within 2 minutes in mutual funds through pre-defined SIP Portfolio.
Also Read: How Trackinvest Religare Virtual Stock Trading Platform helps you invest in stock markets?
How does the ZIPSIP Mutual fund platform work exactly?
Explained step by step process with a few screenshots also
1) Visit myuniverse, ZIPSIP link
2) Tell about yourself like
3) Your age group?
4) How much money do you want to invest every month?
5) Status of family, whether you are single, married or nearing retirement
6) When it comes to investing, select one of the following – Beginner, Proficient or Expert
7) Risk capacity and earnings expectations
- Low risk, consistent returns
- Moderate risk, moderate returns
- High risk, high returns
8) How do you react of your investments going down
- Sell Part of investments
- Hold to get good returns
- Buy More
9) System would indicate that it is finding optimal SIP Plan and would provide you with the plan
10) Enter your email ID, name and mobile number to retrieve at later point of time.
What is so unique about the ZIPSIP Mutual Fund Platform?
- This is very fast. With a few easy clicks, risk and investment details are ascertained for an investor.
- Offers instant SIP and funds debited immediately and subsequent debits through ECS mandate.
- ZIPSIP is totally free of cost
- Once your portfolio is built, you need to select the total SIP amount. Allocation of amount to Mutual Fund SIP schemes would be done automatically by ZIPSIP Platform. You just need to select a total value (₹ 2,500 to ₹ 100,000 per month + SIP Tenure (1 year to 15 years) and select which week you want to invest in a month (week-1, week2, week3, week-4)
- Myuniverse experts would indicate the SIP schemes based on your details and automatically invest in a selected portfolio of schemes.
Also Read: Top Performing Balanced Mutual Funds to invest in 2015
Drawbacks of ZIPSIP Mutual Fund Platform
- SIP Portfolio is chosen by Myuniverse team experts. Investors cannot select the mutual fund schemes on their own.
- Investors cannot shift risk appetite. E.g. they cannot change the plan from low risk to moderate risk or high risk and vice versa.
- Minimum amount of investment is ₹ 2,500.
- Minimum tenure of investment should be at least 1 year.
- No detailed research provided nor clarity on how funds have been chosen by their experts for investment.
- The system recognizes 1 plan per IP address. If you already created one plan using your laptop or desktop and have a family member to make investment, the system would not allow you to create one. I struggled a lot to pick-up another sample for analysis purpose.
Conclusion: While there are several new features being introduced for stocks, there are only few enhanced features / products are made for mutual funds. I felt ZIPSIP is not different from scripbox which also offers a similar product (though I am yet to review completely). Investors have matured now with several educational websites / blogs which keep pumping fresh data and analysis. I feel one need not invest in such products. However, if an investor is new and do not have time to research which mutual funds he or she want to invest, they can consider such unique products. Such products would allow them to invest with a few simple clicks and with minimal process. However, if you are already investing in mutual fund schemes, you may not find this product as interesting as it would not allow you to invest in funds other than those recommended by their experts.
Readers, what is your view about ZIPSIP? Have you invested in SIP schemes through this new mutual fund platform?
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Suresh
ZIPSIP – Mutual Fund Investment Platform – How does this work?
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ZipSip does NOT restrict you to funds recommended by them. It does allow you to create a ZipSip portfolio of funds of your choice. Just click on “Thanks. I’ll choose my own funds” link and you can pick your own funds.
Hello sir, since I am new to the domain of mutual fund investments, I do not have a clear idea about the minimum amount that I will need to invest in the ZIPSIP. I also want to know about the circumstances under which I will have to a sell a part of my investments. Will ZIPSIP be a suitable option for a beginner like me?
Hello sir I’m new to investment.. Could you please guide me from where I could learn trading.. Should I do day trading.. Is zipsip of myuniverse a good option for investment
Hi,
We can select our own portfolio of Mutual Funds in which to be invested.
Hi Suresh,
I would like you to provide some suggestions regarding my portfolio. I’m 27 currently and this is my SIP portfolio
1. Axis Long Term Equity(ELSS- Growth) : Rs. 3000
2. Franklin India Taxshield(ELSS- Growth) : Rs. 3000
3. Birla SL Frontline Equity (Direct Growth) : Rs. 2000
4. ICICI Pru Value Discovery (Direct Growth) : Rs. 2000
Also, every 3-4 months, I save upto Rs.60k in some form of debt fund to minimize liquid cash and make the money work.
Kindly provide you advice on how I can improve my investment strategy
the only reason I’m not doing it, apart from the lack of clarity of fund selection, is that they are not direct funds. I feel its better to buy direct plans whenever possible from AMCs and create a portfolio in sites like valueresearchonline where you can monitor your portfolio and receive good advice as well
Hi
The brokerage they receive from various AMC is given in their terms & conditions link. It varies from 0 to 6%.
I too started investing thru Aditya Birla.Their customer service is pathetic.Thrice they said they did not receive the original documents which were couriered to them even after they were delivered as per courier.ECS mandate- I had to send twice.Had to call them 10 times.I opened an account for my son and it took 2 months to set up his SIP.It was same story—ECS mandate not received–and they dont call customer and inform that there is something missing or incorrect.It was a mental agony to setup SIP.Finally my SIPs and my son”s SIP are running.I had bitter experience.On TV they advertise SIPZIP as a 5 minute process but I struggled for 2 months with them to setup SIP for my son.—-Regards–TS Prabhakar
Sir,
I m planning to invest in MF.I don’t hv proper knowledge about MF. Can I go with sipzip or plz suggest me some good MF.
Sir my exposure in mid cap section was high bcoz of tht I thought of exiting…sir can u plz give a check on my current portfolio md guide me if m doing somethibg wrong…m currently investing 5000 rs with 50% in sector funds, 30% in mid cap, 10% diversified, 10% large cap
Following are the funds:-
1. Sbi pharma fund (1000)
2. Reliance pharma fund (500)
3. Uti trans & logistics fund (1000)
4. Uti mid cap fund (500)
5.Uti mnc fund (500)
6. Uti equity fund (500)
7. Franklin india smaller co. (500)
8. Hdfc mid cap opportunities (500)
9. Religare invesco mid and small cap fund (500)
Sir plz guide me wht m doing wrng nd bw much exposure should I hv in different sectors as my riak appetite is very high nd goal is wealth maximization .
I felt, I already responded to your message. Your portfolio is good. However it is high risk. You should reduce mid-cap/small cap funds and sector funds to < 50%. Pls add some funds in large cap or diversified like ICICI focussed blue chip fund, Birla Frontline equity fund or Reliance equity opps fund. Funds you are holding are good, however when there is market crash, these funds would take huge beating. Hence always balance your portfoliio
Agree. Tried the website. I think they have developed a nice tool for early investors and those who don’t want to understand in some detail where they are putting their money. What I could not find anywhere is what is the brokerage that they will get paid from the AMCs – did not find any disclaimers that I think is now mandatory.
Hi,
I am new to Mutual funds. I am ready to invest Rs 5000 per month. Can you suggest how to proceed. I have a demat account in Sharekhan.
Thanks,
Haranath
I think you can invest in mutual funds through Sharekhan too. Select SIP option in your login. IF this option not available, call customer support. Select good funds like HDFC Top-200 / ICICI Pru focussed blue chip fund
Hi Suresh, Im 29 and keeping expenses aside, my savings are like 2-3K a month. I do not have a lumpsum saving right now and would like to invest my savings bit by bit into a SIP and multiply it to a larger extent. I have 0 knowledge on demat/trading/mutual funds, whom to approach etc. Which investment tool would yield good returns? Please guide me in the right direction.
Pls approach ICICIdirect.com or fundsindia.com and open MF account. I can guide you where tto invest.
Hi Suresh,
Your articles are simple, informative, to the point and most importantly are easy to understand.
Thank you for writing these articles.
zipSip is useless platform -just want push the investment with their own wish & whim ,without any exp. /reasons being given to investor ,investor became just helpless once come under their nett . so be careful with such platforms
I am a NRI.Is it possible to open an account and invest in zipsip.
Ramesh, This is simple mutual funds account, however monitored by experts from myuniverse. Hence NRI’s should be able to invest. Pls contact them directly
Thanks Suresh.Will do the same.
Hello sir,
I am planning to invest 20lac for really long term (20yrs), where should I invest my money, I m looking for low-no risk, high returns…not sure whether I should invest in FD to get a good amt of compounding benefit or MF…if one of them…then in which bank/MF…could you pls advice
I tried their platform and it seems it is really awesome. They need to include the overall returns post 1,3,5 years that would would give a clear idea of how the money will get appreciated over time. Also what is the tenure limit to get a capital gain tax rebate any clue ?
Good to note that Siddhesh. It depends on whether you are investing in equity or debt fund. Equity fund returns are tax free after 1 year. For debt fund it is long term capital gain taxation method after 3 years.
Hi Suresh,
Nice Article , Even I have checked and when I see its almost the same scheme they are investing for all , Only Risk apetite is just for sake. But all the funds are based on market and good funds and allocation is good, But a common user can also do that by investing lesser amount in each fund , I dint get what would be the advantage by going to Aditya birla ZipSIP
Srinivas
How to invest/sell/transact in any Mutual Fund online without any broker or brokerage?
You can invest through direct plans. Here is the link which you can follow and invest. https://myinvestmentideas.com/2013/05/mutual-fund-direct-plans-vs-regular-plans-which-is-the-better-option/
will they invest in only birla mutual fund or other mutual funds also
It depends on their mutual fund experts.
I think it is better to go with MFUINDIA rather than any other service like that. What would you say Suresh? I think many such platforms will come in future.