NIC Asia Equity Linked Investment Scheme (ELIS) offers a flexible SIP Installment option, from targeting lower-income investors to high-value investors. Starting from Rs 500, you can start SIP for the first time in Nepal with this SIP Scheme. Under this SIP Scheme, they offer two different SIP Types (Mini SIP and SIP), so for Mini SIP, you can start investing in SIP with just Rs 500 per installment, which sets a new benchmark in SIP Schemes as of now, that’s called NIC ASIA Mini SIP. Here you learn how to register NIC Asia Mini SIP, create a SIP user, and make a SIP Payment in an easy process.
A Short Introduction to NICA ASIA ELIS
NIC Asia Equity Linked Investment Scheme is one of the open-ended mutual funds, like other SIP Schemes in Nepal. The initial issue size is Rs 1 billion. This scheme aims to generate long-term capital appreciation by preserving the unit holders’ capital and providing diversified portfolio returns. As it’s an equity scheme, it’s more volatile than their Dynamic Debt Fund Scheme. NIC Asia Capital manages this mutual fund scheme, and the Fund Manager is NIC ASIA Bank, its parent company.
Key Features of ELIS
Systematic Investment Plan (SIP): It’s a systematic investment plan that allows investors to leverage rupee-cost averaging to buy more units when prices are low and fewer when the prices are high (NAV is high).
SIP Booster: This option allows SIP Investors to purchase additional units of the Mutual Fund beyond their regular payment/contribution in SIP.
Systematic Withdrawal Plan (SWP): It allows you to withdraw a fixed amount of money at regular intervals (monthly, quarterly, or annually).
Systematic Transfer Plan (STP): This SIP acts as a bridge between safety and growth by allowing the user to transfer a fixed amount of money from one mutual fund scheme to another at regular intervals of the same issue manager, like transferring the fund from NIC ASIA ELIS to NIC ASIA DDF (Dynamic Debt Fund SIP).
Salary VANTAGE: Offers a customized solution to corporate employers to enroll their employees in SIP.
Mini SIP: Designed to make SIP Registration accessible to everyone by starting SIP Installment payment of Rs 500 only.
NIC Asia Mini SIP Registration Process
Registering SIPs online via the Issue Manager portal is now easier and faster. Here’s the easy, complete process to start an SIP Investment in the NIC ASIA Equity Linked Investment Scheme for you.
- Visit the ELIS Portal of NIC Asia Capital here.
- Now go to the SIP Registration option showing on the left side of your screen.
- From Scheme Details, choose NIC ASIA EQUITY LINKED INVESTMENT SCHEME,
- Fill in all the details under Application Details. Here, you have to enter your Citizenship Number, NID Number, and PAN No. (if), Mobile Number, Email, Source of Fund, and Bank Account Details.
- Now upload your Citizenship Photo (Both Front and Back) and DEMAT Confirmation Letter. You can get the DEMT Confirmation Letter directly from MeroSharelso, or contact your DP or the parent company, such as a bank.
- Now upload both files, your Citizenship File and DEMAT Confirmation File.
- Under SIP Details, choose your SIP Type. I am choosing Mini SIP. If you choose Mini SIP, then your default frequency payment will be set as Rs 500 only (not changeable),
- Now set the investment model to limited or unlimited (Recommended to set Limited) and SIP Interval to Monthly, quarterly, semiannually, or Annually as per your requirement (Recommended to set Monthly),
- Set the term types to Years, and set the term as per your plan. Here’s an example: I’m planning it for 7 years.
- Now check/tick the feature Enroll in Dividend Re-Investment Plan (DReP), to reinvest every dividend offered by this SIP Scheme.
- Check/click/tap the Standing Instructions Declaration to automate the monthly debit of the SIP Amount, so you don’t have to pay it manually each month; if not, you can skip or ignore this option.
- Check/click both Declaration terms to continue further,
- After accepting the declaration, tap on Continue,
- Now confirm the declaration shown in the pop-up, tap on Proceed to Register,
- Under the payment process, tap on Payment under Do you want to proceed with the payment?
- Choose the available payment method, and process the payment.
- After payment is successful, tap on Continue to Home Page.
- That’s all for the first-time SIP Registration process for NIC Asia Equity Linked Investment Scheme (ELIS).
Additionally, instead of Mini SIP, you can select SIP Type as SIP. After setting SIP, you will see an editable option for your SIP Installment Amount. So, you can set a SIP Installment amount from Rs 1000.
SIP User Creation Process in NIC ASIA Capital (New Portal)
Creating a user with your Issue Manager gives you easy access to make any changes or full control over your SIP Plan. From here, you can easily amend your SIP Plan, cancel your SIP, and purchase a lump sum unit. So, here’s the simple process for you to follow.
- Go to Sign Up page of ELIS, Click here,
- Enter your 16 Digit BOID and Citizenship Number, tap on next,
- Now enter your Full Name, Mobile Number, Email and Set a Password, then tap on Complete Registration,
Note: If you suddenly try to Sign Up your user just after registering the SIP then it may show the message of ‘Your details should be approved before registration!‘ . So, please wait until confirmation mail for SIP Registration from NIC ASIA Capital.
NIC ASIA Equity Linked Investment Scheme (ELIS) introduces a first time every Mini-SIP in Nepal. Before that SIP installment payment is lowered to Rs 1000. But now this euqity Linked SIP Scheme called NIC Asia Mini SIP set a new benchmark in nepali-mutual fund market by making accessable to lower income investor too.
As like other SIP Schemes this SIP also fulfills every requirements and features just be lowering the minimum payment. Here we have introduced this new Equity based Mini SIP by NIC ASIA Capital including the process to start SIP Registration to SIP User Creation for taking control over your SIP Payment and many more from dashboard.
