# Start a New SIP

This helps users understand potential returns from a Systematic Investment Plan (SIP) and invest effortlessly.

* Example shown:
  * **Investment**: ₹10,000 per month
  * **Duration**: 15 years
  * **Assumed Average Return**: 12% per annum
* **Projected Value**: ₹47.59 Lakhs after 15 years.

This means, a person's investment would have grown to 47.59 lakhs, if he/she has invested ₹10,000 per month for 15 years at 12% assumed average return per annum. 

* The chart illustrates **compound growth** over time:
  * X-axis: Time (3Y, 6Y, 9Y, 12Y, 15Y)
  * Y-axis: Accumulated amount (starting from ₹6.1L up to ₹52.4L)
* The curve shows how returns accelerate due to compounding.

Now, you have understood the potential of an SIP. So let's start an SIP. 

### How to Start a New SIP ?

<div align="left"><figure><img src="/files/5TR7ljmpKwqSzgKrXIEy" alt="" width="324"><figcaption></figcaption></figure></div>

* Launch the **FundsGenie app** and log in.
* On the **Dashboard**, locate the **My SIP** section.
* Click the **+ New SIP** button to begin the process.

<div align="left"><figure><img src="/files/QccOjNnoDBr2UYfgbIvp" alt="" width="375"><figcaption></figcaption></figure></div>

* Use the slider or input box to set **how much do you want to invest every month**.
* Minimum amount: ₹500
* Adjust the slider under **Over a time period of** to choose your investment horizon. (Range: 1 Year to 40 Years )
* The app will display a **growth chart** and projected amount based on your inputs.
* Now you will get an idea on how an SIP work.&#x20;
* To start an SIP, first tap Explore Recommended Funds to view mutual fund options suitable for your SIP.
* You can compare funds and select the one that matches your goals.
* After selecting a fund, proceed to confirm details.
* [**Complete the process and payment setup.**](https://usermanuals.geojit.com/fundsgenie-mobile/invest#how-to-invest-in-sip-one-time)
* Your SIP will be scheduled as per chosen frequency.


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