After confirming and paying the first SIP installment, what is the next step to ensure automated deductions? Option: "Enter mobile number", "Proceed with email verification", "Tap 'Automate SIP Installments'", "Enter security code"

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After confirming and paying the first SIP installment, what is the next step to ensure automated deductions?

"Enter mobile number"

"Proceed with email verification"

"Tap 'Automate SIP Installments'"

"Enter security code"

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What is the first step involved in starting a SIP online?

"Select a fund manager"

"Make the first payment"

"Choose an investment plan"

"Add a mandate"

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What is the primary purpose of setting up an E-Mandate for SIP investments?

"To manually transfer funds for each SIP installment"

"To track the performance of your SIP investments"

"To automate SIP payments, eliminating the need for manual transfers"

"To receive regular updates on market trends"

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According to the provided content, what is the first step to start an SIP investment on Groww?

"Verify E-Mandate"

"Enter Aadhaar number"

"Tap Invest Now"

"Pay First Installment"

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How many types of mandates are mentioned for automating SIP deductions?

"One"

"Three"

"Two"

"Four"

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What is the primary advantage of automating SIP investments?

It allows you to predict market movements with greater accuracy

It guarantees higher returns compared to manual investments

It eliminates the need for a financial advisor

It ensures consistent investment without requiring manual intervention each month