Corporate Systematic
Investment Plan
(C-SIP)
SIP: Systematic Investment Plan
What is Corporate SIP (C-SIP)?
Mirae Asset Corporate Systematic Investment Plan (C-SIP) is a group investment facility which provides the employer the facility to make
an investment for his employees by investing in select open-ended schemes of Mirae Asset Mutual Fund in a systematic manner which
helps build a corpus for the employee.
Employees
ABC Organisation
Mr. A
Ms. B
Credits salary Certain amount of the
Mr. C Mutual Fund Company
salary is deducted and
provided by the
Ms. D
organisation to Mutual
Fund Company Amount invested
through SIP mode
Amount is credited On redemption
to the respective
investors bank account
Mutual Fund
SIP: Systematic Investment Plan
How can the facility be availed
・Employee should submit the C-SIP , common
application form and KYC details, along with an
authorization to deduct the investment
amount every month towards the C-SIP facility
from his/her salary account.
・The employer needs to provide
A third party declaration form
Authorization note
Cumulative investment amount
C-SIP Form KYC Form
・The organization also needs to provide a list of
the salaries deducted, employees codes and
scheme name.
・A consolidated cheque will need to be issued
Third Party Declaration Authorization Letter Consolidated Amount Cheque in favour of
by the organization in favor of “Mirae Asset “Mirae Asset Group SIP Pool Account”
Group SIP Pool Account”
Benefits of C-SIP
Employer Benefits
・Helps build a good employer ‒ employee relationship
・Assist in being a part in the creation of the employees goals
・Provides a financial security tool to the employee, building a goodwill for your
organisation in the market
・Enhances organisation culture by promoting employees financial well being
Employee Benefits
・Aids in building a long term corpus for the employee
・It inculcates a disciplined habit towards investing
・Encourages regular investing habits
・Provides the employee with some financial security
・Provides the employee with the flexibility of choosing the
investment amount
・Helps fulfil long term and short term goals
FAQs
Employer
What if the employee resignst?
Do not provide the employee’s details and investment amount for
the month
How can KYC be done for the employee?
KYC can be done either online or offline .
Online KYC can be done from Mirae Asset Mutual Funds website
Offline KYC can de done by filling up a form and submitting the
required documents to the AMC.
Can the employee increase or decrease the investment amount ?
Yes the investment amount can vary from the investors end.
If the employee already has existing investments with Mirae
Asset can he still invest through the C-SIP option?
Even though the employee may have an existing relationship with the
AMC , he can still invest through the C-SIP option
For exempted international schemes please refer to the addendum
https://www.miraeassetmf.co.in/docs/default-source/addendum-2019/ad-no-13-temporary-suspension-of-subscription-in-certain-schemes-of-mamf-investing-in-overseas-etfs.pdf?sfvrsn=c87fc166_2
https://www.miraeassetmf.co.in/docs/default-source/addendum-2019/ad-no-02--temporary-suspension-of-subscription-in-overseas-schemes-of-mirae-asset-mutual-fund.pdf?sfvrsn=d499ee53_2
Since ETFs are exchange traded schemes, investments into ETF are not permitted through the C-SIP facility .
*Each instalment in Mirae Asset ELSS fund will be locked-in for a period of 3years and is applicable even in the C-SIP facility.
FAQs
Employee
If the amount is invested by the employer Are there any charges if the investment is
who receives the amount on redemption ? withdrawn prematurely?
On redemption the amount will be credited to Charges are as per the respective scheme
the respective investors (employee’s) bank which the employee can refer to in the SID of
account . the applicable scheme.
Is there a lock in period for the investment? If the investment is paused then how can
it be restarted?
No there is no lock in period for the
investment * Ask your employer to provide your details
along with the investment amount from the
Can the nominee be different from month you wish to restart the investment.
company records?
What happens if I resign?
Yes the nominee can be different from
company records. Since the investment is in your individual
name resignation from an organisation does
Are there any charges for if the not impact your investments.
investment is paused or stopped in
Is there a fixed or compulsory tenure for
between the tenure?
the investment ?
There are no charges if the investment is
There is no fixed or compulsory tenure for the
paused or stopped
investment
For exempted international schemes please refer to the addendum
https://www.miraeassetmf.co.in/docs/default-source/addendum-2019/ad-no-13-temporary-suspension-of-subscription-in-certain-schemes-of-mamf-investing-in-overseas-etfs.pdf?sfvrsn=c87fc166_2
https://www.miraeassetmf.co.in/docs/default-source/addendum-2019/ad-no-02--temporary-suspension-of-subscription-in-overseas-schemes-of-mirae-asset-mutual-fund.pdf?sfvrsn=d499ee53_2
Since ETFs are exchange traded schemes, investments into ETF are not permitted through the C-SIP facility .
*Each instalment in Mirae Asset ELSS fund will be locked-in for a period of 3years and is applicable even in the C-SIP facility.
Annexures
Third Party Declaration
C-SIP Form
Annexures
Authorization Letter
Consolidated Amount Cheque in favour of
“Mirae Asset Group SIP Pool Account”
Annexures
Minimum SIP investment amount through the C-SIP facility is Rs 1000/- and in multiples of Re 1/-
thereafter.
For Mirae Asset ELSS Tax Saver Fund the minimum investment amount will be Rs 500/- and in multiples of
Rs 500/- thereafter#.
Investment will be accepted in SIP mode only.
Investments in overseas schemes have been temporarily suspended to avoid breach of industry wide
overseas limits as allowed by RBI*.
For a list of schemes eligible for this facility and other terms and conditions, please refer to the facility form.
For further information please refer to our website on
https://www.miraeassetmf.co.in/mutual-fund-facilities/mirae-asset-group-investment-plan
#
ELSS - An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
*For complete details please refer https://www.miraeassetmf.co.in/docs/default-source/addendum-2019/ad-no-13-temporary-suspension-of-subscription-in-certain-schemes-of-mamf-investing-in-overseas-etfs.pdf?sfvrsn=c87fc166_2
https://www.miraeassetmf.co.in/docs/default-source/addendum-2019/ad-no-02--temporary-suspension-of-subscription-in-overseas-schemes-of-mirae-asset-mutual-fund.pdf?sfvrsn=d499ee53_2
Disclaimer
Statutory Details: Trustee: Mirae Asset Trustee Company Private Limited; Investment Manager: Mirae Asset Investment Managers (India) Private Limited (AMC); Sponsor: Mirae Asset Global Investments
Company Limited.
The information contained in this document is compiled from third party and publicly available sources and is included for general information purposes only. The statements contained herein are based
on current views and involve known and unknown risks and uncertainties. Whilst Mirae Asset Investment Managers (India) Private Limited (the AMC) shall have no responsibility/liability whatsoever for the
accuracy or any use or reliance thereof of such information. The AMC, its associate or sponsors or group companies, its Directors or employees accepts no liability for any loss or damage of any kind resulting
out of the use of this document. The recipient(s) before acting on any information herein should make his/her/their own investigation and seek appropriate professional advice and shall alone be fully
responsible / liable for any decision taken on the basis of information contained herein. Any reliance on the accuracy or use of such information shall be done only after consultation to the financial
consultant to understand the specific legal, tax or financial implications.
For further information about schemes (product labelling and performance of the fund) please visit the website of the AMC: www.miraeassetmf.co.in
Please consult your financial advisor or Mutual Fund Advisor before investing
PRODUCT LABELLING
Scheme Benchmark: Nifty 500 (TRI)
Mirae Asset ELSS Tax Saver Fund is suitable for investors who are seeking*
Scheme Riskometer Benchmark Riskometer
Moder Moder
a a
High tely High tely
Growth of capital over long term to te
w ra
to te
w ra
e e
M Lo
M Lo
od
od
Invests predominantly in equity and equity related instruments:
Very
Very
High
High
ELSS with a 3 year lock in preiod and tax benefits
*Investors should consult their financial advisors, if they are not clear about the suitability of the product. Investors understand that their principal The Benchmark is at Very High Risk
will be at Very High Risk
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Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
THANK YOU
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Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
