You will need to create a mandate before setting up SIPs in mutual funds. We have a “SIP with first order today” option on Kuvera as well. This helps you in setting up SIPs while mandate approval is awaited from the bank.
So, you can set-up an SIP on Kuvera at any time. If you do not have an existing mandate on Kuvera then you will see an option to create one at the time of setting up an SIP and the mandate can then be approved with your bank before the next SIP order date.
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