We’re excited to introduce UPI AutoPay for Mutual Funds, making your SIP investments smoother and hassle-free. Now, you no longer need to approve each SIP payment manually—your investments will be automated and on time, every time!
What is UPI AutoPay?
UPI AutoPay allows you to set up an automated payment mandate for your SIPs, ensuring you never miss an installment. Once enabled, your SIP payments will be deducted automatically, helping you stay disciplined with your investments.
How Does It Work?
Start Your SIP – Select your mutual fund and begin your investment.
Make Your First Payment – Pay using Net Banking or UPI.
Set Up Autopay – After the first payment, you’ll be redirected to complete the AutoPay setup.
Mandate Setup Based on SIP Amount:
- For SIPs below ₹1 lakh: You’ll be guided through the UPI AutoPay setup.
- For SIPs above ₹1 lakh: You’ll need to set up a Net Banking, Debit Card, or Aadhaar e-NACH mandate.
Flexible Setup: Choose from a list of UPI apps or manually enter your UPI ID to complete the autopay setup.
Automated Future SIPs: Once done, your future SIP payments will be deducted automatically without manual approval.
Key Highlights:
The UPI AutoPay mandate will be ₹1 lakh, ensuring that you don’t need to set up a new mandate for each SIP.
If you’ve already registered for UPI AutoPay, the same will be used for all upcoming SIPs—no extra setup needed!
if you have E-NACH Mandate already registered, same will be used for your new SIPs as well.
Why Use UPI AutoPay?
No more missed SIP installments
Hassle-free setup with quick authentication
Ensures a disciplined investment approach
Start automating your SIPs today and enjoy a seamless investing experience with 5paisa! 
#5paisa upiautopay #SIP #InvestSmart mutualfunds