Normal SIP in coin app

Zerodha Coin - Direct MF
1

Hi Team,

I’m zerodha kite user. I’m new to coin app, I want to create SIP of particular Mutual Fund, but before that I have few queries.

  1. What is the Difference between AMC SIP and normal SIP.

  2. Why we need initial investment and Installment Amount in normal SIP? Where are they being used?

  3. Let’s say, I have invest 2500 in normal SIP, and I provided 500 (Min. 100) in initial Investment. What will be the step by step process of this money movement from coin app to AMC? Where will this 500 initial Investment will go, will it added to my 2500 installment for the first month?

  4. In future, let’s say after a year I want to increase my installment, then how will that be done?

I just want to understand the overall flow and process in normal SIP related to my monthly installment. Example would be great.

Thanks in advance.

Thanks and Regards
Joy Kishan Sharma