How to Check SIP Status?

Why Should I Check My SIP Status?

Monitoring your SIP on a regular basis is crucial for the following reasons —

• Tracking Performance: By regularly checking your SIP status, you can evaluate the performance of your investments. You can, in fact, also compare your SIP’s performance against market indices or similar funds.
• Financial Planning: Periodic checks ensure that your investments are aligned with your financial goals. 
• Timely Actions: You can see whether your investments are performing or require modifications. If you’re able to spot any particular SIP not performing as expected, you can take corrective actions.

How to Check SIP Status?

Let’s explore all the popular methods for SIP status checks — 

Online Portals

Most mutual fund companies offer online portals where you can login and monitor your SIPs. 

Here’s how you can check SIP status online —

• Head to the official website of your mutual fund company.
• Login and navigate to the section for your investments or portfolio. 
• Select the SIP you want to check. 

The portal will display the current status, including —

• Number of units
• NAV (Net Asset Value)
• Overall value of your investment

Mobile Applications

Most mutual fund companies have mobile apps that offer the same functionalities as their web portals. These apps are convenient for on-the-go access to your SIP status.

• Download the mutual fund company’s app from the Apple App Store or the Google Play Store.
• Use your credentials to log in.
• Navigate to the SIP section to view your investment details.

Email and SMS Alerts

Some fund houses may provide periodic updates on your SIP through email and SMS. In this case, you can simply get registered and receive alerts. Note that you will need to update your contact details with your mutual fund company.

Customer Service

For any particular actions or concerns regarding your SIP, you can always contact the customer service of your mutual fund company. 

• Contact: Find the customer service contact details on the mutual fund company’s website.
• Request Information: Provide necessary details such as your folio number to receive an update on your SIP status.

What to Check in SIP Statements?

Knowing how to check SIP statements is essential if you want to understand the detailed performance and history of your investments. 

In a typical SIP statement, you can find the following details — 

• Investment Summary: Overview of the total amount invested, current value, and returns
• Transaction Details: List of all the SIP transactions, including the amount invested, units allocated, and NAV at the time of each transaction
• Portfolio Breakdown: Detailed information about the allocation of your investments across different assets or funds

Frequently Asked Questions